Sterling jumps after EU negotiator Barnier says Brexit deal is still possible this week

Sterling rose sharply against the dollar Tuesday after optimistic comments on Brexit from EU negotiator Michel Barnier.

rose sharply against the dollar Tuesday after optimistic comments on Brexit from EU negotiator Michel Barnier.

"I will debrief the EU 27 ministers as usual and just to tell them where we are, where we stand today," Barnier told reporters in Luxembourg on Tuesday morning. "Our team are working hard, and work has just started now today, this work has been intense over the weekend and yesterday, because even if the agreement will be difficult, more and more difficult, to be frank, it is still possible this week.

He added that "any agreement must work for everyone," saying it is "high time to turn good intentions in a legal text."

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