Brexit: Dominic Raab has come round and will back the PM

Eren Sengezer FXStreet

Citing The Sun's political editor, Reuters has recently reported that latest chatter suggests that former Brexit Secretary Dominic Raab, who voiced his opposition to Prime Minister May's deal, is now supporting the PM's Brexit deal. "Tory MPs think something is underway with the DUP Dodds and Chief Whip met this morning, and both missed Cox's opening statement," the political editor further added.

Rising hopes of the PM's deal passing through Parliament provided a boost to the British pound and allowed the GBP/USD pair climb to a daily high of 1.3135. At the moment, the pair is up 0.5% on the day at 1.3107.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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