GBP/USD has burst higher, smashing the 1.35 and hitting a high of 1.3527 at the time of writing. It is changing hands at the highest levels since May 2018, a 31-month high.
Brexit deal hopes have been fueling sterling's rise. Earlier in the day, an unnamed EU official said an agreement is "imminent." On the other hand, a French minister said that his country could veto a deal if it is dissatisfied. The EU and the UK are trying to bridge the divide over three remaining topics: fisheries, governance and a level playing field.
Update: The uptrend continues and GBP/USD has hit a new high of 1.3539,
The monthly cable chart is showing a break above the December 2019 peak of 1.3515. Further above, 1.36 and 1.3730 are the big levels to watch.
Earlier, US Nonfarm Payrolls disappointed with an increase of only 245,000 jobs, around half the early expectations. Markets are watching teh impact of US jobs on stimulus talks.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.