Investing.com – The pound rose to the highest level in two weeks against the dollar on Tuesday on the back of optimism that a deal on Brexit is close.
GBP/USD hit highs of 1.3096, the most since Oct. 19, and was at 1.3077 by 08:33 AM ET (13:33 GMT), up 0.28% for the day.
Sterling hit five-month highs against the euro, with EUR/GBP touching 0.8718 before pulling back to 0.8738.
The pound climbed after BBC reporter Laura Kuenssberg tweeted that Britian’s Brexit secretary Dominic Raab said “Thumbs up” on his way out of a cabinet meeting to discuss Brexit negotiations.
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