Brexit settlement more than doubles; sterling rises almost 2%

London

A UK "Brexit" settlement offer, which has more than doubled to 40-50 billion euros (S$64-80 billion), has opened the gate to trade talks with the EU.

Sterling surged by almost 2 per cent against the euro and US dollar, as business people and bankers welcomed greater certainty that the Brexit negotiation deadlock would be breached.

The main sticking point, however, is the border between Ireland and the United Kingdom's Northern Ir…