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Pound Soars on No-Deal Brexit Declining Possibility Even as Doubts Remain

2025-01-01OANDAOANDA
The pound has hit its highest level against the dollar since July amid hopes a no-deal Brexit can be avoided. Sterling jumped more than 1% on Friday to over $1.24 against the dollar, its highest level in seven weeks. The pound was boosted after a report in the Times said the DUP, Northern Ireland’s largest […]

The pound has hit its highest level against the dollar since July amid hopes a no-deal Brexit can be avoided.

Sterling jumped more than 1% on Friday to over $1.24 against the dollar, its highest level in seven weeks.



The pound was boosted after a report in the Times said the DUP, Northern Ireland’s largest political party, was prepared to abide by some European rules after Brexit.

However, the DUP swiftly denied the claim.

Despite this, sterling held on to its gains, and against the euro it was up 0.7% at over €1.12.

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