Sterling hits two-week high vs. dollar after Brexit strategy deal

NEW YORK (Reuters) – Sterling hit a two-week high against the U.S. dollar on Friday after British Prime Minister Theresa May secured a cabinet agreement for her plans to leave the European Union. British Pound Sterling banknotes are seen at the Money Service Austria company’s headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger “Today in detailed discussions the cabinet has agreed our collective position for the future of our negotiations with the EU,” May said in a statement released by her office late on Friday. “Our proposal will create a U.K. – EU free trade area which establishes a common rule book for industrial goods and agricultural products.” The British pound rose as high as $1.3290 against the dollar, a two-week peak, after the news. It was last up 0.4 percent at $1.3280. Nick Bit: Proof the Pot is better in England! this is crazy shit their is nothing to celebrate here the Germans are about to cut England’s balls off. They will lose their status as a trading and banking hub. The Germans are about to launch a financial/trade blitzkrieg on England