Pound/Euro surges to 1.1624 against 12 month best of 1.1602

After news floated that a no-deal Brexit was remote, the Sterling has pushed to a medium-high against the Euro and apparently has crossed the 12 month high of 1.1602. Also, there are * rumours* floating around of a second EU Referendum being pushed by the Labor Party, though that seems remote. What do you guys think? Is the pound over-reacting or the sterling will break further resistance levels?

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