speculation on a progress of Brexit negotiations in London have given the pound Sterling on Friday. It rose up to 0.6 percent on 1,3139 Dollar and reached the highest level since the beginning of November. Experts referred to a report in the newspaper “The Sun”, according to which the Northern Irish Democratic Unionist Party (DUP) could support the Brexit plans of the Prime Minister, Theresa May, during the vote in Parliament on Tuesday, under certain conditions. The DUP’s call for a concrete time limit for the emergency solution to prevent a hard border between Ireland and the British province of Northern Ireland.
“Should agree with this report, you can climb the pound quickly to 1.32 dollars upwards“, predicted market analyst Michael McCarthy from the broker CMC Markets. The analysts of Commerzbank’s keep the optimism of the sterling investors, however, is exaggerated. The actual statement in the newspaper report was that the DUP would support the agreement only if May could come to an understanding with the EU on a time limit in the case of the so-called Backstop arrangements in the Northern Ireland question, said expert Thu Lan Nguyen. This had been rejected by the EU, however, already several times. The risk of a “No-Deal”Brexits, so a disorderly exit of the British from the European Union (EU), is still very high. Thus, the potential for a setback for the pound to stay high.
