Sat. Sep 26th, 2020

Pound hits seven-month high; trade deal hopes grow – business

Rolling coverage of the latest economic and financial news

Earlier:

12.57pm GMT

Sterling is continuing to climb, and is now up a whole cent today at $1.309.

That’s a new seven-month high against the US dollar, the strongest position since May 7th.

12.55pm GMT

Aviation News: Budget airline Ryanair is planning to close two bases, due to the ongoing delays to Boeing’s 737 MAX jet.

Ryanair says it now expects to only receive 10 737 MAX aircraft in time for next summer, not the 20 previously expected. That means it will carry a million fewer passengers — 156m, not 157m — and force it to shutter operations at Nuremberg and Stockholm Skavsta.

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