Breaking: DUP decides privately to support May's deal next week, GBP/USD jumps to 1.3130

FXStreet Team FXStreet

The UK Sun reports that the Northern Irish Democratic Unionist Party (DUP) decided to privately agree to support UK PM May’s ‘Plan B’ Brexit Deal.

“In a crucial shift, it has emerged that the DUP are now willing to accept a backstop as long as it’s specifically time limited. In another twist last night, Tory grandees told The Sun they have tabled a new Brexit plan of their own in a bid to end the Conservatives’ civil war.”

The pound caught a fresh bid-wave, sending the GBP/USD pair nearly 50-pips higher to 1.3127, the highest levels since November 2018. At the press time, the Cable was trading +0.35% at 1.3115 levels, as the bulls consolidate the knee-jerk spike.

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