Pound Rises Most Since March on Talk of ‘Pathway’ to Brexit Deal
- Rally builds after meeting between U.K., Irish leaders
- Gain of as much as 2.2% comes amid speculation over extension
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The pound rallied the most against the dollar since March on signs that Britain and the European Union are edging closer to an agreement on the core sticking points in negotiations around Brexit.
The gains gathered momentum and one-month options turned the most positive on sterling since January 2018 after U.K. Prime Minister Boris Johnson and Irish premier Leo Varadkar said in a statement that they could see a “pathway” to a possible divorce deal following talks in northern England.