TOKYO (Reuters) – Sterling rose while the euro edged down on Friday, as traders waited to see if British Prime Minister Theresa May has finally clinched an elusive deal with Irish and EU officials on how they would run their post-Brexit Irish land border.
The U.S. dollar was higher against a basket of currencies, on track for a weekly gain, as the passage of a bill to temporarily extend U.S. government funding raised investors’ optimism that a tax reform bill would also pass.
The leader of the Northern Irish party which props up May’s government negotiated through the early hours about the post-Brexit Irish land border, a source in the party told Reuters on Friday.
An agreement would remove the last obstacle for opening free-trade talks with the European Union. May is likely to meet European Union chief executive Jean-Claude Juncker before dawn (0600 GMT) in Brussels.
The euro inched down 0.1 percent to $1.1761 EUR=, around its lowest levels since Nov. 22. It was on track to shed 1.1 percent for the week, but is still up nearly 12 percent so far in 2017.
Sterling was up 0.3 percent at $1.3512 GBP=, pulling away from its overnight low of $1.3320.
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