Around 9:40 p.m., the British currency gained 0.31% against the greenback, at 1.3397 dollars, and 0.52% against the euro, which was trading for 90.17 pence.
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The pound sterling found its colors on Wednesday against the main currencies including the euro and the dollar, carried by forex traders clinging to the hope of a post-Brexit agreement between Britain and the European Union.
Around 8:40 p.m. GMT (9:40 p.m. in Paris), the British currency gained 0.31% against the greenback, at 1.3397 dollars, and 0.52% against the euro, which was trading for 90.17 pence.
“The pound sterling has not yet given up,” commented Connor Campbell, an expert at Spreadex, and retains the “fragile hope” that Boris Johnson’s visit to Brussels can unblock the situation.
The British Prime Minister has joined the President of the European Commission Ursula von der Leyen for a dinner that is like a last-ditch date.
The two camps displayed very firm positions on the eve of the meeting on their possible concessions, but German Chancellor Angela Merkel said on Wednesday that there was “still a chance to reach an agreement”.
The pound is rocked to the rhythm of statements from stakeholders, a situation comparable to a “roller coaster” according to Ricardo Evangelista of Activtrades.
In just three weeks, London, which officially left the EU on January 31, will definitely have to withdraw from the customs union and the single market.
For its part, the euro fell against the dollar, on the eve of the last meeting of the year of the European Central Bank (ECB) eagerly awaited by forex traders.
The single European currency lost 0.20% against the greenback, at 1.2080 dollars.
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