Pound Stronger22 Aug 2018 22:55
The British pound hit its highest level in two weeks against the dollar on Wednesday, benefiting from broad selling of the U.S. currency and cautious optimism from investors on the state of Brexit negotiations, which resumed this week.
There have been mixed messages this week on whether British and EU officials will meet an informal October deadline to reach an agreement on how they will structure trade ties following their divorce next year.
Diplomats in Brussels said they expected a delay in finalizing the terms of Britain's exit and could need to hold an emergency summit in November.