Brexit debate: Sterling gains on report of May wooing Northern Irish party
Sterling rose on Wednesday following a media report that British Prime Minister Theresa May is attempting to win over the Northern Irish Democratic Unionist Party (DUP) in a crucial vote next week on her Brexit deal.
May plans to counter the bitter opposition to her deal from the DUP by publishing a series of commitments to the people of Northern Ireland, Sky news reported on Wednesday.
The pound jumped to a day’s high of $1.2777 before losing ground when the DUP called May’s plans to offer concessions on provisions on Ireland’s post-Brexit border “meaningless.”
Against the euro, the pound rose 0.2 per cent to a day’s high of 89.76 pence. Reuters/NAN)