Trade talks between the U.K. and European Union are on the verge of resuming after positive contact between the two sides, three people familiar with the discussions said.
A decision could come in the next 24 hours, with negotiators ready to sit down immediately with the goal of finding a deal by mid-November, according to the people, who spoke on condition of anonymity because the talks are private.
The pound rose as much as 1.4% to $1.3135, its highest in over a month, and U.K. gilts fell, with 10-year yields rising six basis points.
Britain’s chief negotiator, David Frost, will speak to his EU counterpart, Michel Barnier, for the third time in as many days later on Wednesday, to discuss how to bring an end to an impasse, which has seen no formal negotiations for a week. The people said no decision was guaranteed until they spoke.
