Breaking news: Pound spikes higher on upbeat joint statement

A joint statement from Boris Johnson and his Irish counterpart Leo Varadkar has seen a spike higher in the pound. The message on Twitter read as follows:

Source: Twitter

The announcement is decidedly upbeat in its tone and while it stops well short of suggesting a deal is imminent it has been warmly welcomed in the markets. The pound has jumped across the board in response as UK yields have gained with the GBP/EUR enjoying a strong bounce after earlier trading at its lowest level since the start of September.

GBPUSD has spiked higher once more on seemingly positive news on the Brexit front. Price has jumped by around 80 pips to trade back near the $1.23 handle. Source: xStation

8 May 2026, 4:55 PM

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Morning wrap: Indices climb despite shots fired in the Strait of Hormuz 📈 💥

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