September 10, 2018 / 1:14 PM / 7 months ago

Sterling jumps as Barnier says Brexit deal 'realistic' in 6-8 weeks

FILE PHOTO: British Pound Sterling banknotes are seen at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File Photo

LONDON (Reuters) - Sterling jumped against the dollar and euro on Monday after a Bloomberg report quoted European Union chief negotiator as saying that a Brexit deal was “realistic in six to eight weeks”

The British currency rallied nearly a percent at $1.3044, a five-week high, after the report. It rose to a one-month high against the euro of 89.57 pence EURGBP=D3

Reporting by Sujata Rao; Editing by Saikat Chatterjee

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