Pound hits highest level since Brexit vote - business live

The pound surged to $1.3691 on Friday - the highest since the result of the EU referendum in June 2016 was known - on reports that Spain and the Netherlands are willing to back a soft Brexit dealGKN rejects £7bn hostile approach from MelrosePound hits four-month high against dollar 2.27pm GMT The rise in the pound seems to be down to this report from Bloomberg:Spanish and Dutch finance ministers have agreed to work together to push for a Brexit deal that keeps Britain as close to the Europ