The pound has soared after a Brexit deal was agreed between UK and EU negotiating teams.
Sterling surged nearly 1% against the dollar, climbing above $1.29, after Prime Minister Boris Johnson said the UK and EU had agreed a “great new deal”.
The pound also jumped against the euro, and was trading above €1.16.
European Commission President Jean-Claude Juncker said: “Where there is a will, there is a deal – we have one!”
He added: “It’s a fair and balanced agreement for the EU and the UK and it is testament to our commitment to find solutions. I recommend that [EU summit] endorses this deal.”