Pound Jumps Amid Speculation U.K. Can Reach Single-Market Deal

Article source
Bloomberg

The pound rose as investors seized on the prospect of the U.K. retaining preferential access to the European Union’s single market after Brexit.

Sterling reached its strongest level in almost two months against the dollar and climbed the most since Nov. 10 versus the euro, as Brexit Secretary David Davis said the U.K. would consider making contributions to the EU in order to secure the best possible access to the single market. Dutch Finance Minister Jeroen Dijsselbloem told the Times of Malta that Britain might be able to participate in the internal market, albeit at a cost. Please click here to continue reading this article.