Advertisement
UK markets close in 7 hours 55 minutes
  • FTSE 100

    8,075.35
    +30.54 (+0.38%)
     
  • FTSE 250

    19,782.93
    -16.79 (-0.08%)
     
  • AIM

    755.64
    +0.77 (+0.10%)
     
  • GBP/EUR

    1.1634
    +0.0006 (+0.05%)
     
  • GBP/USD

    1.2436
    -0.0017 (-0.13%)
     
  • Bitcoin GBP

    53,680.84
    +376.39 (+0.71%)
     
  • CMC Crypto 200

    1,419.29
    -4.81 (-0.34%)
     
  • S&P 500

    5,070.55
    +59.95 (+1.20%)
     
  • DOW

    38,503.69
    +263.71 (+0.69%)
     
  • CRUDE OIL

    83.49
    +0.13 (+0.16%)
     
  • GOLD FUTURES

    2,336.10
    -6.00 (-0.26%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,160.51
    +331.58 (+1.97%)
     
  • DAX

    18,186.41
    +48.76 (+0.27%)
     
  • CAC 40

    8,087.56
    -18.22 (-0.22%)
     

Sterling flips higher after FT tweet revives Brexit deal hopes

FILE PHOTO: British five pound banknotes are seen in this picture illustration

LONDON (Reuters) - Sterling had a rapid turnaround on Thursday, driving up over a cent to as high as $1.2975, after a Financial Times reporter tweeted that officials in London were more optimistic of a post-Brexit EU deal after the latest round of talks.

Sterling fell after a Reuters report that British and EU trade negotiators have failed to bridge their differences on state aid.

But it reversed its losses after a FT reporter tweeted at 1107 GMT that a "landing zone" for state aid has been identified and that fishing remains the last sticking point.

At 1152 GMT it was up 0.3% on the day versus the dollar at $1.2965 <GBP=D3>. Versus the euro it was up 0.2% at 90.725 pence per euro <EURGBP=D3>. It had been as low as $1.2819.

(Reporting by Elizabeth Howcroft)