Pound Heads for Best Week Against Euro Since 2017

Currency gets brief boost from report on May’s talks with DUP
Bounce based on deal that is not on table: CIBC’s Stretch

Pound Nears November Highs on Report of DUP Supporting Brexit Deal

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Shoko Oda and Charlotte Ryan

January 25, 2019 at 9:27 AM UTC

This article is for subscribers only.

The pound headed for its best week against the euro since 2017 on speculation that the chances of a no-deal Brexit are receding.

Sterling has climbed nearly 2 percent against both the common currency and dollar this week, ahead of voting next week on various amendments to Prime Minister Theresa May’s Brexit plan. The latest leg-up on Friday followed a report on talks between May and Northern Ireland’s Democratic Unionist Party and Thursday’s dovish European Central Bank meeting.