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Sterling up on report May to delay Brexit date, yen firms
The pound jumped to a near four-week peak against the dollar on Tuesday on reports of a delayed Brexit deadline, and the safe-haven yen moved off the weakest seen this year as a drop in U.S. equity futures checked investors’ risk appetite. Sterling spiked to its highest against the U.S. currency since late January after Bloomberg News reported that British Prime Minister Theresa May was considering delaying the March 29 deadline for U.K.’s exit from the European Union. The pound was last up 0.4 percent on the day at $1.3143, sitting just below a session high of $1.3149, its highest since Jan. 31. “Delaying ... (full story)
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