The Great Britain Pound (GBP) had a surge of +1.34% reached 1.2776 which is its highest level of last five months. The Pound rate driver was today’s overall agreement between Britain and Europe Union on Brexit which is said to be announced by the end of the day.

The two sides are racing to reach a deal before the Oct. 31 deadline, but remain optimistic that an agreement will be made by the end of Tuesday.

GBP to USD on October 16, 2019

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