Sterling rises shrugs off no-deal Brexit concerns

British pound rose against US dollar today despite the growing concerns about the UK's exit from the European Union without agreement.

British Prime Minister Boris Johnson offered to Brussels renegotiating a new agreement, which will be beneficial to both parties and lead to a flexible Brexit.

However, the EU has refused the offer saying that the only agreement that can be reached is what Theresa May negotiated and was rejected three times by the British parliament.

Markets bets on the UK leaving the EU on October 31st without an agreement are growing, which put pressure on the British companies and citizens, while losing confidence in their country's economy.

By 19:41 GMT, GBP/USD rose by 0.3% to 1.1268, with a high of $1.218 and a low of $1.2064.