Currency, stocks perk up on hopes of Brexit deal

Diplomats and officials are still warning that there would be several obstacles before a possible Brexit deal is achieved, despite market euphoria.STERLING soared by 3 cents to more than 1.25 against the US dollar, the highest levels in the past month.

The current optimism follows Irish Prime Minister Leo Varadkar comments that Thursday's lengthy talks with British Prime Minister Boris Johnson were"positive and constructive". Mr Varadkar said that it was premature to disclose compromises over the Irish border with Northern Ireland. But he added that what happened on Thursday"would be sufficient to allow negotiations to resume in Brussels" and that there was a"potential pathway to a deal".

Mr Johnson must also obtain a deal approval from all 27 EU leaders and then sell expected compromises to his proposals to the Northern Ireland Democratic Unionists who have helped prop up his minority Conservative government. He must persuade the European Research Group, the hardline Brexitier Tories and hope that opposition Labour MPs, who support Brexit, will support him.

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Pound surges on Brexit fever as trade hopes boost world stocksThe British pound surged on Friday as traders detected signs that London and Brussels could still win the race against time to avoid a no-deal Brexit. Global stock markets meanwhile powered ahead, boosted by hopes that Washington and Beijing are getting closer to ending their trade war. 'Global
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