March 27, 2019 / 7:21 PM / 4 months ago

Sterling jumps on report Johnson to back PM May's Brexit deal

LONDON (Reuters) - Sterling rose on Wednesday on a report that former British foreign minister Boris Johnson, a prominent eurosceptic, will now back Prime Minister Theresa May’s Brexit deal after she promised to quit if her agreement passes in parliament.

The pound rose to a five-day high of $1.3269, up 0.5 percent on the day, after the report by the deputy political editor of the Times.

Sterling rose to a 10-day high versus the euro of 84.87 pence.

Reporting by Tom Finn; Editing by Hugh Lawson

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