Pound Rises a Fourth Day Before May's EU Citizen-Rights Proposals
- Near-term risks for sterling are still to the downside: BNP
- Bank of England’s Carney due to speak on Tuesday, Wednesday
Theresa May Calls Talks on EU Citizens Offer 'Positive'
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The pound rose for a fourth day versus the dollar as Prime Minister Theresa May reached a governing deal with Northern Ireland’s Democratic Unionist Party, tempering concerns about political instability.
Sterling advanced against all but one of its Group-of-10 peers with the agreement providing the Premier much needed support during Brexit negotiations. Even so, the accord isn’t a full coalition and could require May to soften some of her more hardline Brexit views that could have implications for the border in Ireland.