Pound Sterling Price News and Forecast: GBP/USD was up 0.83% on a daily basis at 1.3432
|UK-EU could reportedly reach a deal by end of week, GBP/USD surges above 1.3400
The GBP/USD pair surged higher after the Times Radio reported that the trade talks between the UK and the EU have entered "the mythical tunnel."
The Time Radio further noted that the EU's chief Brexit negotiator, Michel Barnier, has stopped internal debriefs to the wider EU after delivering the last one last Friday and that a deal could be finalized by the end of the week, per Reuters.
Brexit: Three scenarios and what’s priced in for GBP/USD?
Nearly four and half years on from the Brexit vote in June 2016, the finish line is finally in sight for the UK to formally leave the European Union. One way or another, the UK’s “transition period” will officially end on 31 December, though we’ve learned through experience that seemingly “hard and intractable” deadlines can be delayed repeatedly in the interest of expediency when it comes to Brexit.
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