Pound on rollercoaster ride after Brexit draft deal | The Malaysian Insight

Sterling soared to within a whisker of US$1.30, striking five-month peaks, when news flashed that the EU reached a draft Brexit withdrawal deal with London. – EPA pic, October 18, 2019.

THE British pound had a tumultuous session yesterday as a draft Brexit deal between London and Brussels sparked both hope and scepticism in a volatile forex market. Sterling soared to within a whisker of US$1.30, striking five-month peaks, when news flashed across traders’ screens that the European Union had reached a draft Brexit withdrawal deal with London.

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