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British pound volatile after report says major Brexit-deal obstacle removed

“The British pound was sent on a rollercoaster ride Wednesday, spiking briefly against the U.S. dollar on a report that a big obstacle to a Brexit deal has been removed” writes Markets Reporter for The pound has since fallen back after the DUP’s leader Arlene Foster reportedly denied the report and said talks will continue.Markets have been on a knife-edge in the runup to a two-day European Union meeting that starts Thursday, seen as a deadline for a deal to get done. The pound has since drifted back to $1.2783.The U.K. has said it’s open to some flexibility on the mechanism that would allow Northern Ireland politicians to decide whether it remains in regulatory alignment with the European Union as set out in Britain’s latest Brexit deal proposals.

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