© Reuters. The pound strengthened on optimism linked to the Brexit
Investing.com – The british pound reversed its losses from Tuesday because of a renewed sense of optimism in the face of the Brexit, following a report that the european Parliament is preparing a plan to give Britain “privileged” access to the single market.
The GBP / USD moved to 1.4002 at 05h12 EST (10: 12 GMT), up from the previous decline of 1,3931.
The pound was boosted after a report in the Business Insider stating that the european Parliament is preparing a resolution “detailed” to 60 paragraphs that will call for more flexibility in future negotiations with Great Britain.
The european Parliament wants the european Union is negotiating an “association agreement” that would give Britain access to the single market “privileged” and an accession to the EU agencies.
The resolution marks a break with respect to the position of negotiator-in-chief of Brexit from the EU.
The report has helped to alleviate some concerns about the prospect of Brexit difficult.
The euro has fallen against the british pound after the report, with the EUR / GBP down 0.55% to trade at 0,8813 compared to about 0,8870 before.