British Pound Rallies Ahead of NFP: (Video)

British pound rallied ahead of Nonfarm payroll (NFP) . Pound Sterling was boosted by signs of progress on the Brexit front as Tusk offered Canada.

5 October, HotForex – The GBPUSD pair quickly reversed an early dip to the 1.30 neighborhood and rallied around 50-pips in the last hour.

British Pound Rallies Ahead of NFP

The Pound rallied to a three-month high against the Euro ahead of the weekend amid growing confidence a Brexit deal covering the terms of the U.K.’s withdrawal from the EU will soon be struck.

Sterling rallied to record a high of 1.1341 on reports European Union negotiators see the outline of a compromise on the Irish border issue that is holding up Brexit talks.

Prime Minister Theresa May has promised new proposals and the sketchy details seen so far have found a tentative welcome in Brussels encouraging markets a ‘no deal’ Brexit scenario will be avoided.


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