2:16 PM · 1 October 2018

GBP surges on new Brexit developments

British pound surged in the afternoon after reports saying the United Kingdom found solution for the Irish border issue surfaced. Bloomberg reported that UK lawmakers may propose to keep goods circulating under EU rules in the Northern Ireland while implementing additional custom checks for goods transfer between Ireland and the British mainland. Brexit talks were in stalemate over the Irish border issue since March. At 3:11 pm BST GBPUSD trades 0.30% higher at 1.3070.

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