Sterling gains after sources say France willing to compromise on fisheries

© Reuters.

LONDON (Reuters) – Sterling jumped as much as 0.3% versus the dollar on Friday after signs of progress in one of the key sticking points in Brexit negotiations: fisheries.

French President Emmanuel Macron is laying the ground for a compromise on fisheries, industry members told Reuters.

The pound jumped as much as 0.3%, to a session high of $1.3122, in response to the headlines.

British five- and 10-year gilt yields rose to their highest level since Sept. 1, up 2-3 basis points on the day.

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