Breaking: DUP decides privately to support May's deal next week, GBP/USD jumps to 1.3130
|The UK Sun reports that the Northern Irish Democratic Unionist Party (DUP) decided to privately agree to support UK PM May’s ‘Plan B’ Brexit Deal.
“In a crucial shift, it has emerged that the DUP are now willing to accept a backstop as long as it’s specifically time limited. In another twist last night, Tory grandees told The Sun they have tabled a new Brexit plan of their own in a bid to end the Conservatives’ civil war.”
The pound caught a fresh bid-wave, sending the GBP/USD pair nearly 50-pips higher to 1.3127, the highest levels since November 2018. At the press time, the Cable was trading +0.35% at 1.3115 levels, as the bulls consolidate the knee-jerk spike.
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