The pair GBP/USD subió after Times Radio reported that trade talks between the UK and the EU have entered “the mythical tunnel”.
The Time Radio further noted that the EU’s main Brexit negotiator, Michel barnier, has halted internal reports to the EU after delivering the last one last Friday and that a deal could be finalized by the end of the week, according to Reuters.
The British pound gained strength against its rivals with this headline. At time of writing, the GBP / USD pair was up 0.83% on the day at 1.3432. In addition, the EUR/GBP It lost nearly 50 pips in a matter of minutes and was last seen trading 0.8970, where it is still up 0.2% on the day.