Pound jumps after Labour's Corbyn says UK parliament must get Brexit deal done

LONDON: Sterling jumped on Friday, rallying past $1.31 and hitting a new one-month high versus the euro after the leader of Britain's opposition party said parliament must break the deadlock over Brexit and "get a deal done" to exit the European Union.

The British currency, also aided by a broad selloff in the dollar, rose 0.7 percent to $1.3122, its highest since April 12.

Against the euro, the pound surged 0.6 percent to 85.25 pence, a new one-month high.

Jeremy Corbyn, leader of Britain's Labour Party, said on Friday local election results should spur lawmakers to find a way to "get a deal done" to leave the EU.

He was quoted by ITV as saying there was now a "huge impetus" on every lawmaker to deliver a deal.