Pound near five-week high on Brexit optimism

|By:, SA News Editor

The British pound stays near five-week highs against the dollar as hopes of a UK-EU Brexit deal offset the ongoing US-China tensions.

The pound hit a high of $1.3087 after EU chief negotiator Michel Barnier said a Brexit deal was possible within weeks.

Barnier reiterated his desire to push ahead with the Brexit negotiation with the UK slated to leave the EU on March 29.

Sterling: +0.8% on Monday.

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