Pound higher amid reports on sealing Brexit deal

EPA-EFE / ANDY RAIN

The British pound was higher on Wednesday amid reports a deal on the United Kingdom's departure from the European Union could be finalized within three weeks.

"I would be happy to give evidence to the committee when a deal is finalized, and currently expect 21 November to be suitable," Brexit Secretary Dominic Raab wrote in a letter sent to the chair of the Commons Brexit committee.

Sterling jumped 0.76% against the dollar at 4:35 pm CET, buying 1.28018. Meanwhile, the pound traded 0.85% higher versus the euro to 1.1296 at 4:44 pm CET.

Baha Breaking News (BBN) / JC