The Sterling weakened against the US Dollar on the Bank of England report showing its stress test results for this year. Britain’s biggest lenders all passed the BOE yearly stress tests ever since they were introduced in 2014, the country’s Central Bank stated, adding that major banks would continue to contribute to the real economy even in the case of ‘disorderly’ quit from the European Union.
GBP/USD jumped almost 100 base poins at 17:30 GMT on the news agencies’ reports that the EU and British negotiators reached an agreement on the Brexit bill. Then, the UK government official noted that source’s account on the matter was not recognised, but another newspaper confirmed the initial report, keeping the pair nearing 1.3380.
