UK and the EU made headway in eleventh-hour talks on Tuesday to reach a Brexit deal in time for a leaders' summit, but with hours left to clinch an agreement, it was still unclear if London could avoid delaying its scheduled Oct 31 departure.
Sterling surged against the dollar and Euro on Monday after the European Union's chief negotiator said a Brexit deal was “realistic in six to eight weeks”. For the second time in less than a week, Michel Barnier has signaled his desire to move ahead on the Brexit negotiations, less than seven months before the United Kingdom is slated to leave the European Union on March 29, 2019.