Sterling firms up despite May’s ‘Plan B’ vagueness

Sterling firmed up to the day’s highs after British Prime Minister Theresa May promised to be more open with parliament in negotiating the country’s future relationship with the EU.

She did not offer a clear roadmap on how she would address concerns over a commitment to ensure there is no return to a hard border in Ireland. She also refused to rule out leaving the EU without a deal, but the pound edged higher on hopes that Mrs May might be pressured into a compromise on her stance.