British Pound Outlook The British Pound recorded its strongest daily gain against the U.S. Dollar, Euro and other major peers since March amidst an upsurge in optimism that the EU and UK were headed towards a post-Brexit trade deal. The Pound rose sharply after it was confirmed the EU and UK had agreed to intensify negotiations to the extent they would take place every day, and even on weekends, until a deal is achieved. Sterling rose above 1.31 against the Dollar and closed in on 1.11 against the Euro after the EU and UK released a joint statement detailing the nature of further negotiations. “The parties have agreed to intensify negotiations. Talks will take place across all negotiating tables concurrently. Negotiations will take place daily including weekends, unless both sides agree otherwise,” said the statement. Economists at HEFFX see a 60% probability of a deal being reached, which appears to be lower than the odds assigned by the market given the recent move higher in Sterling. Positioning in Sterling is meanwhile said to be light which mitigates against any technical-based flows.