# Pound climbs above $1.30 as traders bet on Brexit deal

> The pound rose above $1.30 as hopes grew that UK and EU negotiators could salvage post-Brexit trade talks. Britain said a no-deal exit would follow in about 10 weeks unless the EU made concessions.

- Date: 2020-10-19 · published 2020-10-19T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/50876-pound-climbs-above-1-30-as-traders-bet-on-brexit-deal
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Improved odds of a trade deal support sterling and reduce the risk of tariff disruption on UK-EU agri-food trade, which is a modest factor for feed commodity flows.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- rte.ie: https://www.rte.ie/news/business/2020/1019/1172567-pound-climbs-above-1-30-as-traders-bet-on-brexit-deal/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.