# Sterling jumps after minister hints at EU market access

> Sterling rose to a near three-month high in trade-weighted terms after Brexit minister David Davis said Britain would consider paying into the EU budget for access to EU markets. The pound climbed to a three-week high of $1.2644 on the news.

- Date: 2016-12-01 · published 2016-12-01T12:00:00.000Z
- Category: policy · region UK · magnitude low
- Page: https://feedsoft.ai/events/73720-sterling-jumps-after-minister-hints-at-eu-market-access
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Signs of a softer Brexit stance strengthen the pound against the dollar, which makes US exports more expensive for UK buyers and can weigh on dollar-denominated grain and feed prices.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets-sterling-davis-idUSL8N1DW2KG/

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