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Brexit debate: Sterling gains on report of May wooing Northern Irish party

World Business

Brexit debate: Sterling gains on report of May wooing Northern Irish party

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Pound Sterling

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)

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