Spain and Holland to push for Soft Brexit agreement

Getty Images Pound to euro exchange rate Sterling could be affected by Brexit data this week

The pound jumped in Friday's European session as it seemed a softer Brexit could be on the horizon, say currency experts FC Exchange.

The two countries' foreign ministers had agreed to work together for a divorce deal that would maintain a close relationship between the European Union and Britain.

The gains came after Bloomberg reported that the Spanish and Dutch finance ministers had agreed to work together for a Brexit agreement that maintains close ties between the European Union and Britain, in what would be a clear divergence in views among the 27 European Union member states about how to treat Britain after it leaves.

"We'll need substance in these reports plus a transition deal and positive United Kingdom data to keep the pound supported here", said Viraj Patel, a currency strategist at ING Groep NV. Sterling's rally came after news that European countries Spain and the Netherlands would be open to the United Kingdom having a softer Brexit.

Sterling was already gaining on Friday before the report, helped by demand for euros and the continued weakness for the dollar, before spiking higher.

Kris Bryant's $10.85M payday an Major League Baseball record
Arbitration hearings are set up for next month, though the two sides could reach an agreement before then. Theo Epstein's front office has never gone to arbitration with any player.

Neil Wilson, senior market analyst at ETX Capital, said: "Although the comments came from just two ministers who don't necessarily speak for the Barnier team as such, there is a sense that the direction of travel for the United Kingdom with regards Brexit is a lot more positive than it was prior to December".

The pound climbed against a host of other majors on Friday, including the euro (GBP/EUR) and US dollar (GBP/USD).

"Even as someone who is long the pound, I'm sceptical this is a game changer at this stage", he said.

The pound was 0.2% higher against the euro at €1.12810 after the single currency hit a three-year high against the dollar following hopes that chancellor Angela Merkel would be able to form.

Related News:

  • Blue Jays sign star Josh Donaldson to one-year, $23-million deal

    Blue Jays sign star Josh Donaldson to one-year, $23-million deal

    Harper, like Donaldson, will be a free agent after this season and agreed in May to a 2018 salary of $21.625 million. Toronto will likely now try to work out an extension with Donaldson even though he's on the wrong side of 30.
    Get people from Norway, not sh**hole countries

    Get people from Norway, not sh**hole countries

    Another official said Trump expressed to aides within the hour that the media was blowing his comment out of proportion. The sources spoke on condition of anonymity because they weren't authorized to publicly describe the conversation.

    Tesla, Inc. (TSLA) And Insider Trading Activity

    Miracle Mile Advsrs Limited Liability Company reported 714 shares or 0.04% of all its holdings. 597 are owned by Hollencrest Secs. To measure price-variation, we found TSLA's volatility during a week at 3.51% and during a month it has been found around 2.9%.
  • Express Scripts Holding Co (NASDAQ:ESRX): Institutional Investors Are Worried

    BidaskClub raised Express Scripts from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 22nd. Moreover, Washington Tru Natl Bank has 0.03% invested in Express Scripts Holding Company (NASDAQ: ESRX ) for 3,369 shares.

    Stock under Discussion: Teekay Offshore Partners LP (TOO)

    The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned "Underperform" rating by Bank of America on Thursday, December 17. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market".
    Huawei defeats Samsung in patent battle

    Huawei defeats Samsung in patent battle

    The Chinese electronics manufacturer is one of the leading companies in the world that is dominating the smartphone-making scene. Senate and House intelligence committees who cited concerns about Huawei's alleged role in Chinese espionage efforts .
  • Celebrity Big Brother eviction RESULTS: India Willoughby first to be evicted

    Celebrity Big Brother eviction RESULTS: India Willoughby first to be evicted

    Shane J replied: "Come on Ann, you have to acknowledge that men have done some disgusting things to women". I think I peeved them off on the night they came in with the question about gender and love.

    Narwhal Capital Management Has $5.32 Million Stake in Cisco Systems, Inc. (CSCO)

    BMO Capital Markets maintained Tourmaline Oil Corp. (NASDAQ: CSCO ) earned "Buy" rating by Deutsche Bank on Thursday, November 16. BHATT PRAT sold $821,900 worth of Cisco Systems, Inc. $32,321 worth of The Boeing Company (NYSE:BA) was sold by Downey Thomas J.
    Creative 'Paddington 2' is a clever piece of family-friendly British wit

    Creative 'Paddington 2' is a clever piece of family-friendly British wit

    It's enough to make you think he was wasted for decades in stuttering rom-com leads when he has so much more comedic range. Grant essentially steals this whole movie as the thief, an egotistic, washed-up actor named Phoenix Buchanan.
  • Trump Says Might Reconsider US Return to Paris Climate Deal

    Standing alongside Norwegian Prime Minister Erna Solberg, Trump presented himself as a champion of environmentalism. The president emphasised that he is not going to let the Paris agreement to deny the US competitive edge.
    Nikki Haley: Pakistan playing 'double game' for years

    Nikki Haley: Pakistan playing 'double game' for years

    He said Pakistan would respond to any actions taken by the USA government against Pakistan, although he was not specific. In contrast to recent visits by U.S.
    Taimur Ali Khan has a VERY ADORABLE nickname!

    Taimur Ali Khan has a VERY ADORABLE nickname!

    Saif also talked about the overnight stardom which Taimur got, "You have to sit him down, the minute he can understand it". I don't want my children to listen to abuses".


Most liked

David Silva Tipped To Return As Manchester City Face Liverpool Test
The bookies aren't daft and long odds-on quotes have become the norm for Pep Guardiola's men. Sometimes, you get an opportunity to put things right.

Zac Brown Band Announces Target Field Concert Date
The Atlanta-based country music band's concert is set for Friday, June 22, in Hersheypark Stadium . In 2010, the Zac Brown Band won a Grammy for best new artist, their first of three Grammys.

IMI (IMI) Stock Rating Reaffirmed by Citigroup
About 14.71M shares traded or 70.31% up from the average. boohoo.com plc (LON:BOO) has 0.00% since January 11, 2017 and is. The firm has "Buy" rating by Peel Hunt given on Wednesday, September 27. (NASDAQ:OSTK) rating on Wednesday, September 6.

Report claims Trump lawyer brokered $130000 payment to porn star
Cohen issued a response, telling the WSJ: " President Trump once again vehemently denies any such occurrence as has Ms. In a letter, obtained and reviewed by Fox News , Clifford also denied all allegations.

Sens. Cotton and Perdue: No recollection of Trump making inflammatory immigration comments
Both Cotton and Perdue were in the Oval Office meeting in which Trump allegedly made those remarks, and Durbin said he heard them. Georgia's other Republican senator, Johnny Isakson, was not at the meeting.

FDA Pulls Pediatric Indications For Opioid Cough And Cold Medicines
Experts say parents should always read labels before giving their children any medicine, even if it's purchased over the counter.

Olympic detente eases North Korean tensions
However, it's thought South Korea's Foreign Minister Kang Kyung-wha will hold bilateral talks with Tillerson ahead of the Vancouver meeting.

NY Senate won't probe Jeff Klein over alleged misconduct
The woman who made the allegations against Klein, Erica Vladimer, agreed to be identified in the Huffington Post article. The rest of the members of Klein's Independent Democratic Conference issued a statement in support of their leader.

Keybank National Association OH Reduces Stake in Schlumberger Limited. (SLB)
Following the completion of the sale, the director now directly owns 1,500 shares in the company, valued at approximately $93,945. Dorsey & Whitney Trust Company Llc bought 5,803 shares as the company's stock declined 11.04% while stock markets rallied.

Bella and Gigi Hadid share devastating photos from their flooded hometown
The 21-year-old also vowed to help those affected by the disaster, asking her followers to "please send websites for donations". In her Instagram post, Bella said she remembers a similar storm years ago, recalling how hard it was to rebuild afterward.

France blames Lactalis, retailers in baby food scare
France's finance minister has threatened to levy sanctions after major supermarkets admitted selling possibly contaminated baby milk .

How Many Rio Tinto plc (NYSE:RIO)'s Analysts Are Bearish?
Bernstein reiterated an "overweight" rating on shares of Rio Tinto PLC in a research report on Saturday, January 14th. The company's stock had a trading volume of 3,752,090 shares, compared to its average volume of 3,310,000.

Julia Louis-Dreyfus' sons celebrate her last round of chemo
Julia Louis-Dreyfus' sons are celebrating the end of their mom's chemotherapy treatment by releasing a video performance of Michael Jackson's Beat It .

Predicted Blues XI for Premier League clash v Leicester
Captain Gary Cahill was rested for the midweek Carabao Cup semi-final first-leg with Arsenal and could return in defence. Chelsea are expected to field a full-strength side for Saturday's Premier League clash with Leicester .

John Williams Confirms Return For Star Wars Episode IX
Who knows, perhaps we will get to see a returned Luke utilise his green saber in Episode IX . A relatively major plot hole in The Last Jedi has been explained by director Rian Johnson .