The GBP/USD (Sterling) broke through the $1.35 barrier on Wednesday after European Commission President Ursula von der Leyen said progress had been made toward a post-Brexit trade deal between the United Kingdom and the European Union.
European Commission President Ursula von der Leyen has said there is now a path to a Brexit agreement. She added that the governance issues have largely been resolved but fisheries are still “very difficult.” Von der Leyen adds that the path is narrow but that the EU and the UK have a way forward on most issues and that the next days will be decisive.
“I cannot tell you whether there will be a [Brexit] deal or not but I can tell you there is a path to an agreement. The path may be very narrow but it is there,” Von der Leyen said, adding that the next several days will be “decisive.”
The GBP/USD jumped 0.37% against the dollar at 9:45 am CET buying $1.35101, its highest level since May 2018.
GBP/USD Long (Buy)
ENTER AT: 1.3541