© Reuters. Lfa book progresses on to the hope of reaching an agreement for the Brexit
Investing.com – The book carries out a rally on Monday, and is gaining ground against the dollar and the euro after the uk and the European Union are close to an agreement in discussions for the Brexit.
The GBP/USD advance from 0.42% to 1.3528 at 07:07 AM AND (12:07 GMT), from 11.3426.
The pound strengthened after Britain had made an important concession to the border of ireland, thus offering no divergence between northern Ireland and the republic.
Ireland, supported by the EU, tries to ensure that England will retain the regulations for business in northern Ireland as they are in the EU, in order to avoid a “boundary last” which could undermine peace on the island.
Investors were also encouraged by the recent news. The discussions on the Brexit evolve in a positive direction. The european Union has offered to the british Prime minister, Theresa May, a proposal of divorce more complete.
While the maturity of march 2019 approach, May is under pressure to start by the end of the year discussions on its future business relationships so as to remove the uncertainty for companies doing business in the EU.
The pound has also gained against the euro, with EUR/GBP down 0.82% at 0.8757.