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NewsBreak- Sterling Rises After Tusk Says Johnson Has Promised Brexit Solution

Investing.com

Investing.com - The pound rose on Friday after European Council President Donald Tusk said that U.K. Prime Minister Boris Johnson has promised to deliver a Brexit solution "that works for all". The news comes after unconfirmed reports suggesting that Johnson had dropped his insistence that Northern Ireland remain in the U.K. customs area after Brexit.

• Tusk also said however that so far the U.K. has not come forward with a realistic proposal.

• If there is no proposal released today, than Tusk will announce that there is no more chance of a deal at next week’s summit.

• GBP/USD gained 0.3% to 1.2482 as of 4:56 AM ET (8:56 GMT).

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• EUR/GBP fell 0.3% to 0.8814.

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