British pound jumps against dollar, euro ahead of key Brexit vote Tuesday
The British pound rose sharply against the U.S. dollar and the euro on Monday, gaining more than 1% against each rival currency, ahead of a key Brexit vote in the British Parliament on Tuesday. According to local reports, U.K. Prime Minister May was headed to the European Parliament in Strasbourg, France on Monday for last-minute talks with EU officials regarding her Brexit deal. She is expected to make a statement later in the day. Meanwhile, in the U.K., pro-Brexit lawmakers said they would examine any changes to May's original deal when it will be presented Tuesday. At the start of the year, the prime minister's initial deal was rejected by Parliament. Sterling rallied to session high of $1.3170, but has since pulled by some, changing hands at $1.3145, up 1%. The euro fell as low as £0.8533 against the pound and last fetched £0.8545, down 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.