Sterling rallies on optimism regarding trade negotiations for Brexit

The British pound rose today to $ 1.3442 after Radio Times said that the trade negotiations for Britain's exit from the European Union had entered the "tunnel" stage of negotiations, and "tunnel" is a term referring to an intense final stage of secret negotiations. The British pound hit its highest level in three months at $ 1.3442 earlier in the session, the pound sterling rose against the dollar by 0.8% to $ 1.3435, while the euro rose against the sterling to 89.69 pence. The sterling also rose, supported by positive economic data, as data showed today that the UK consumer confidence index rose to 102.3 points during the month of November, compared to 101.4 points in October, with optimism about the Corona vaccine.