Pound Euro exchange rate: ‘Narrow path’ to Brexit deal leads pairing to five-month high

The pound jumped to a five month high against the euro this afternoon with the pairing currently trading at around €1.149 as a fresh wave of Brexit optimism and upbeat comments from the European Union’s chief negotiator sparked investor confidence. Michel Barnier said that while a “narrow path” exists to achieving a Brexit deal this week, it was “time to turn good intentions into legal text”.

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