There has been a significant breakthrough in Brexit talks between the UK and European Union, prompting sterling to soar against the US dollar and euro amid hopes a deal has been agreed.
Sources have told the BBC and other media organisations the draft deal has been agreed by officials from both sides after intensive discussions this week. UK Prime Minister Theresa May has called an emergency Cabinet meeting for 2pm tomorrow (Wednesday 14 November) but is also meeting ministers tonight to give a first glimpse of the draft deal. Sterling leapt 1.4% to trade at $1.3036 against the dollar in afternoon trading, while against the euro it jumped to a near seven-month high of €1.1542. However, if the Cabinet does not agree the deal on Wednesday the pound's rally is likel...
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