10/17, 11:33 AM (Source: TeleTrader)
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Pound hits 5-month high on Brexit deal news

The pound surged on Thursday after European Commission President Jean-Claude Juncker and United Kingdom Prime Minister Boris Johnson both confirmed a Brexit agreement has been reached. Media reports also noted the Northern Irish DUP is believed to be "on board" with the latest deal.

Sterling jumped 0.93% against the dollar to sell for 1.29529 at 11:38 am CET, reaching levels last seen in May. The euro lost 0.36% compared to the British currency to go for 0.86031 at 11:42 am CET and the pound climbed 0.87% against the yen to change hands for 140.7220 at the same time.

Breaking the News / NP