Pound up in value as hopes rise of a Brexit trade deal

Some of last week's losses reversed after EU's Michel Barnier says deal is possible

The pound edged higher in value against the dollar and the euro on Monday as investors digested claims that a deal in the UK's trade negotiations with the EU had taken a step closer.

The EU's chief negotiator, Michel Barnier, said on Monday he believed a Brexit trade agreement was possible now the remaining disputes had been whittled down to only two.