Pound roars back to life on Brexit delay reports

Pound bulls were injected with a renewed sense of inspiration on Friday after a newspaper report revealed that the official Brexit date in March could be delayed.

According to London’s Evening Standard newspaper, cabinet ministers believed a delay was possible, thanks to “a backlog of at least six essential Bills that must be passed” before the UK departs from the EU.

Sterling’s aggressive appreciation following the report continues to highlight how the currency remains extremely sensitive and highly reactive to Brexit headlines. It is fair to say that the outlook of the Pound hangs on… Read More

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