Sterling gains after sources say France willing to compromise on fisheries

FILE PHOTO: British five pound banknotes are seen in this picture illustration taken November 14, 2017. REUTERS/ Benoit Tessier/Illustration/File Photo

LONDON (Reuters) - Sterling jumped as much as 0.3% versus the dollar on Friday after signs of progress in one of the key sticking points in Brexit negotiations: fisheries.

French President Emmanuel Macron is laying the ground for a compromise on fisheries, industry members told Reuters.

The pound jumped as much as 0.3%, to a session high of $1.3122, in response to the headlines.

British five- and 10-year gilt yields rose to their highest level since Sept. 1, up 2-3 basis points on the day.

Reporting by Elizabeth Howcroft