Sterling rose sharply on Tuesday as speculation swirled that British Prime Minis...
TOKYO - Sterling rose sharply on Tuesday as speculation swirled that British Prime Minister Theresa May might be closer to securing approval for her Brexit deal.
Sterling, jumped as high as $1.3290 as some investors bolstered bet the prime minister could secure a divorce deal before Britain’s scheduled March 29 departure from the EU. At a joint news conference with European Commission head Jean-Claude Juncker late on Monday, May announced three documents aimed at addressing the most contentious part of the exit deal she agreed in November - the Irish backstop.
“If they can break down to a level where there can be some negotiation or at least compromise on both sides, there definitely does seem light at the end of the tunnel,” added Wakabayashi. The dollar index, which measures the greenback against a basket of six rivals, fell almost 0.2 percent to 97.063 on a modest improvement in investors’ risk appetite.
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