Pound hits 22-month peak against the Euro on Brexit news

Pound hits 22-month peak against the Euro as Theresa May says she has secured 'legally binding changes' on Brexit deal Sterling peaked at €1.17 in the moments after the Brexit changes were revealed The rise took the pound to its highest level against the euro since spring 2017 Investors will have to wait until Tuesday to see if MPs will pass the updated deal 

By Tim Stickings For Mailonline

Published: 23:13 GMT, 11 March 2019 | Updated: 00:23 GMT, 12 March 2019

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The British pound hit a 22-month peak against the euro tonight after Theresa May said she had secured 'legally binding changes' to her Brexit deal. 

Sterling peaked at €1.17 in the moments after David Lidington announced the Brexit breakthrough in the House of Commons. 

The rise took the pound to its highest level since the spring of 2017, before Mrs May lost her majority at the snap general election. 

Investors will have to wait until Tuesday to see whether the changes to the Brexit deal are enough to take Mrs May's agreement over the line in the House of Commons. 

The pound reached a two-year high against the euro (pictured) in the wake of Theresa May's announcement that she had secured 'legally binding changes' to her Brexit deal

The pound reached a two-year high against the euro (pictured) in the wake of Theresa May's announcement that she had secured 'legally binding changes' to her Brexit deal 

The pound also spiked against the dollar after MPs were given the latest update, reaching $1.33 shortly after 10pm.  

Prime Minister Theresa May said she 'passionately believed' in her Brexit deal and had now addressed the concerns raised by Parliament in January over the Northern Irish backstop.

She said she had ensured there would be 'no indefinite backstop' and any

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