It seems that the GBP has revived a key area of support after British Brexit Minister Dominic Raab commented that the deal with the EU is in place.
The sterling rose against all major currencies after Parliament published the correspondence of October 24, in which Raab said 21 November was the "right" date for the long-awaited final deal.
"The good news is that Raab is able to highlight a specific date he thinks he will make a deal," said Jordan Rocheste of Nomura International Plc. "The bad news is that politics is flexible and this is not a solid confirmation of a deal, but the market was very pessimistic about the deal that was concluded this month, and the reaction today will serve as a reminder that the final deal is very close.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
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