Sterling jumps as UK and Irish leaders say there is a pathway to a possible Brexit deal

The British pound rose sharply on Thursday afternoon after positive comments on Brexit from the leaders of Ireland and the U.K.

U.K. Prime Minister Boris Johnson met with his Irish counterpart Leo Varadkar for further Brexit talks Thursday afternoon, with subsequent comments causing traders to buy the British pound. 

Sterling rose to 1.2267 against the U.S. dollar by 3:20 p.m. London time after trading nearer $1.2218. It was up 0.5% versus the greenback for the session. 

“The Prime Minister (Johnson) and Taoiseach (Varadkar) have had a detailed and constructive discussion,” the joint statement said, according to Reuters.

“Both continue to believe that a deal is in everybody’s interest. They agreed that they could see a pathway to a possible deal.”

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