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Pound Sterling Jumps Half a Percent against Euro on Rumours of Fishing Rights Breakthrough in Trade Negotiations
The British Pound was one of the better performing major currencies on Tuesday amidst a broad based improvement in investor sentiment and rumours of a potential breakthrough in trade negations between the EU and the UK. Reuters reports the EU is willing to shift its stance on fisheries in negotiations with Britain in next week's negotiations, in what amounts be a major concession from the EU. The EU has thus far in negotiations sought to maintain the status quo regarding fishing - which includes full access to UK waters by EU nations - something the UK has resisted, arguing full access to UK waters should only be ... (full story)
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