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NewsBreak - Sterling Surrenders Gains as Brexit Deal Hopes Recede

Investing.com

Investing.com - Sterling reversed gains on Thursday as hopes for a Brexit deal were dealt a serious blow after Northern Ireland's Democratic Unionist Party said it will vote against a Brexit deal.

The DUP said the proposals are not beneficial to the economic wellbeing of Northern Ireland.

The pound had rallied to its highest since May earlier after Britain reached a last-minute deal with the European Union ahead of a planned October 31 Brexit deadline.

GBP/USD down 0.2% at 1.2791 from earlier high of 1.2988

EUR/GBP up 0.68% to 0.8682 from earlier low of 0.8576

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