The British pound surged Wednesday against the dollar on optimism that London will finally reach a post-Brexit trade deal with the European Union.
Sterling rose to $1.35 around 1551 GMT. The pound also gained against the euro, which stood at 90.16 pence.
European sources told AFP that the EU and Britain could agree the terms of a post-Brexit trade deal within hours.
“We are in the final phase,” one official said. Asked whether this meant a deal later Wednesday, a source close to the talks said: “Very likely, yes.”
British media also reported that a deal was close at hand.
The pound was also supported by a reopening of the port of Dover, which eased conditions for hauliers carrying vital goods.