Pound hits highest level in FIVE months versus the Euro amid hopes of a Brexit deal

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The pound reached a five-month high against the euro

THE pound has hit a five-month high against the Euro today after hopes began to raise over a Brexit deal being secured.

Sterling reached 1.1499 versus the single currency, a level last seen in May 2019.

The pound also climbed against the US dollar, up to $1.2633.

Sterling briefly touched 1.1499 versus the euro earlier this week as well.

It comes after optimism began to surge over the UK leaving the European Union on October 31 with a deal in place following comments from Michel Barnier.

The EU’s chief negotiator today said he believes an agreement is “still possible this week” as he arrived in Luxembourg for a meeting with fellow ministers.

More to follow…