GBPUSD jumps from 1.2840 to 1.2960 levels on Brexit headlines

October 1, 2020

The GBPUSD pair jumps from 1.2840 to 1.2960 levels currently. The Sterling is continuing to push higher all over the place today on Brexit headlines. It might just proceed with that trend until the end of the trading week.

British PM Boris Johnson’s spokesman told reporters on Thursday that they are committed to working through the joint committee to find a solution to Northern Ireland protocol.

Also, the spokesman said that the latest negotiations on the trade deal were conducted in a constructive spirit and reiterated that they will continue to work to reach an agreement.

These comments and a potential agreement on state aid has seen the Sterling staged a bounce after consolidating near 100-hour MA.