Sterling jumps on news that opposition parties agreed to try to pass a law to see another Brexit delay to prevent a no-deal Brexit on October 31. MP Anna Soubry tweeted : “Excellent meeting between all the opposition party leaders this morning. We agree we will work together to stop a no deal #Brexit by legislation”. Green Party MP Caroline Lucas also told BBC that MPs agreed “that the legislative way forward is the most secure way to try to extend Article 50, to get rid of that 31st October deadline towards which the prime minister is careering with ever greater recklessness”.
GBP/USD rises sharply today and the rebound from 1.2014 is likely resuming through last week’s high at 1.2293.