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.

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Breaking news: Pound spikes higher on upbeat joint statement

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