Pound Climbs to Three-Week High as Barnier Pledges Unique Deal
- Barnier says EU to offer U.K. unprecedented partnership
- Positions being squared on deal optimism: Credit Agricole
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The pound rallied above $1.30 as investors turned more optimistic on the chances of a Brexit deal before the U.K. exits the European Union in March.
The currency climbed to the strongest level in three weeks and gilts tumbled as Michel Barnier, the EU’s chief negotiator, said the EU was prepared to offer Britain an unprecedented partnership, different from that with any third country.