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Pound hits $1.30 amid Brexit deal hopes – business live

Rolling coverage of the latest economic and financial news, as sterling is buffeted by political drama

Introduction: Murky Monday in the CityPound volatile after MPs force Brexit delay letterBerenberg: Orderly Brexit now likelyRBC: Johnson may have the votes

9.33 am BST

NEWSFLASH: The pound just hit the $1.30 recognize, as the City cling onto hopes that a disorderly Brexit can be avoided.

“There are now refreshed hopes Prime Minister Boris Johnson can get his deal through today, although there are likely to be further twists in the Brexit saga no matter what happens in Westminster later.”

9.20 am BST

Little by little, the pound is nudging towards the $ 1.30 symbol against the US dollar.

It’s not been that high-pitched since the middle of May, but speculation that MPs could approve Johnson’s deal this week is giving sterling a lift….

Continue reading …

Read more: theguardian.com

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