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10/3/2019, 3:14 PM (Source: TeleTrader)
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Pound jumps as Johnson presents Brexit deal to MPs

The pound jumped on Thursday as United Kingdom Prime Minister Boris Johnson presented his Brexit proposal in Parliament in London while officials from the European Union stressed that the deal may still be difficult to pass, but reports emerged that the EU would be willing to grant the UK another Brexit extension. However, Johnson said in Westminster that he will take the UK out of the EU on October 31 with or without a deal while Labour Leader Jeremy Corbyn accused the prime minister of wanting a "Trump deal Brexit."

The pound hit a daily high of 1.23875 against the dollar. It traded 0.53% in the green compared to the greenback at 3:11 pm CET at 1.23648. The British currency is up 2.33% in the past month, but it remains 6.01% lower compared to six months ago.

The FTSE 100 lost 0.95% at 15:12 pm CET.

Breaking the News / VP