During Thursday, October 10, the British Pound appreciated 254 pips or 2.08% against the US Dollar.
The surge was triggered by a surprisingly constructive meeting between the UK Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar. The meeting outcomes raised hopes that the UK and the European Union could reach a Brexit deal.
Note that the UK is expected to leave the EU bloc on October 31 at 23:00 GMT.