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The pound is jumping after reports that the UK has agreed a €50 billion Brexit bill





Davis Barnier

  • Sterling climbs after reports that UK and EU have settled on the cost of the so-called Brexit “divorce bill.”
  • Estimates suggest that it will be around €50 billion.
  • The pound reacts well to the news, climbing above 1.34 against the dollar to a two-month high.

LONDON — The value of the pound is climbing on Wednesday as traders and investors react to reports overnight that the UK and EU have finally reached an agreement on the amount Britain will pay in a so-called “divorce bill” when it leaves the bloc.

Both the Daily Telegraph and the Financial Times reported on Tuesday evening that read more >>>

Source:: BusinessInsider.Com

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