January 9, 2019 / 9:21 AM / 11 days ago

Sterling gains on report PM May wooing Northern Irish party in Brexit debate

Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration shot January 21, 2016. REUTERS/Jason Lee/Illustration/File Photo

LONDON (Reuters) - Sterling rose on Wednesday following a media report that British Prime Minister Theresa May is attempting to win over the Northern Irish DUP party in a crucial vote next week on her Brexit deal.

May plans to counter the bitter opposition to her deal from the Democratic Unionist Party 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 percent to a day’s high of 89.76 pence.

Reporting by Tom Finn; Editing by Tommy Wilkes

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