The Telegraph reported that UK is preparing to stay in the customs union after Brexit, and beyond 2021. The news came after Prime Minister Theresa May said she’s aiming for a “future customs union” with the EU. And, her top ministers agreed this week on a last-resort plan to avoid a hard Irish border. Foreign Secretary Boris Johnson and Environment Secretary Michael Gove objected the plan but were “outgunned” by other during the meeting.
The news gave Sterling a strong lift as it’s trading as the strongest one for today, and the second strongest next to Canadian Dollar.