The British pound rose against the US dollar today after positive remarks from British PM Boris Johnson and Irish PM Leo Varadkar.
Johnson and Varadkar stressed that they can see a possible pathway to an exit from the EU by a deal that in the interest of all.
While the Irish border problem is considered as one of the main points of disagreement between London and Brussels in terms of the Brexit.
British PM Boris Johnson insists on delivering on the will of the people by implementing the Brexit as scheduled on Oct31st, while the parliament demands that Johnson request a postponement for the Brexit until the end of January 2020 to make a deal that will avoid the UK a chaotic economic situation.
The British economy released its monthly reading for the industrial production, which contracted by 0.6% in August, lower than forecasts of 0.0%.
As of 19:38 GMT, GBP/USD rose by 2.1% to $1.2461, with an intraday high of $1.2468 and a low of $1.2204.