British pound hits 2-year high after historic post-Brexit trade deal with EU ...News

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British pound hits 2-year high after historic post-Brexit trade deal with EU
The British pound has risen to a near two-year high after a long-awaited post-Brexit trade deal was finally struck between the United Kingdom and the European Union. Sterling rose more than 0.8 percent, to around $1.3560, after the agreement was announced. It also climbed against the euro to just above €1.11. Earlier this month, the currency breached a 2020 high of $1.3624, a level it hadn’t reached since May 2018. The FTSE 100 also finished the day up, as trading stopped early ahead of the Christmas break. Brexit negotiators clinched the accord on Thursday, ending 11 months of talks that began on January 31, when Britain officially le

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