LONDON (Reuters) - Sterling jumped as much as one percent GBP=D3 on Wednesday after Bloomberg reported that the British and German governments have abandoned key Brexit demands, potentially easing the path for Britain to strike a deal with the European Union.
The pound rose to a three-day high of $1.2983 (1.01 pounds) on the report which cited people familiar with the matter. GBP=D3
Sterling also jumped against the euro and at 1325 GMT was up half a percent at 89.66 pence EURGBP=D3.
Reporting by Tom Finn; editing by Sujata Rao