Pound US dollar exchange rate: GBP/USD soars by 1.9 percent on UK-EU Brexit breakthrough

The pound US dollar exchange rate soared by over 1.9 percent today, with the pairing currently trading around $1.264 after the EU’s Chief Brexit Negotiator, Michael Barnier described a “constructive meeting” with the UK Brexit Secretary Steve Barclay. Today also saw the EU27 give the greenlight on “tunnel” negotiations ahead of the EU summit next week.

The pound US dollar exchange rate soared by over 1.9 percent today, with the pairing currently trading around $1.264 after the EU’s Chief Brexit Negotiator, Michael Barnier described a “constructive meeting” with the UK Brexit Secretary Steve Barclay. Today also saw the EU27 give the greenlight on “tunnel” negotiations ahead of the EU summit next week.
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