British Pound Spikes on Report EU may offer UK 2 Year Transition

The British Pound Soared Higher as reports in the German press that the EU may other the UK a two year Transition Period for Brexit. This is what P.M. May asked for, and reduces the chances of hard exit.

The British Pound Soared Higher as reports in the German press that the EU may other the UK a two year Transition Period for Brexit. This is what P.M. May asked for, and reduces the chances of hard exit.

GBP 2 YR Transition

The rumored offer is said to be tied to meeting financial obligations to the EU. Barnier is going to ask EU ambassadors to support the proposal at a meeting on October 13, according to the report .

EURGBP broke its trend on the report.breaking .8920.

Source: Handelsblatt

From The Traders Community News Desk

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