Sterling reaches two-month high after £58bn Brexit divorce bill 'agreed'

Bill up from earlier figures of £40bn-£48bn

Sterling has climbed to a two-month high after it was reported a deal between the UK and EU leaders on the Brexit divorce bill was reached last night, with Britain's liabilities potentially reaching £58bn.

Sterling was trading at a high of 1.343 earlier this morning against the US dollar, up 0.4%. It was also up 0.4% against the euro to trade at 1.311. According to the Guardian and various national newspapers, Britain is believed to have agreed to the terms in order to move forward with trade negotiations.  A bill could total between £53bn-£58bn but it is understood the final amount will be kept secret in order to avoid voter recrimination. Initial figures had pinned the divorce bill at £40bn-£48bn. The figure is 13% of the £660bn total liabilities the UK has committed to as a member...