An extension to the Brexit process will be good news for the pound as it opens the door for a closer relationship with the European Union, according to Goldman Sachs Group Inc. Sterling could rally toward 80 pence per euro, a level not seen since the vote to leave the EU in 2016, should a move to prolong the Brexit deadline pave the way for “softer outcomes,” the U.S. bank wrote in a note. These include a customs union, single market membership or a second referendum, it said. “We remain of the view that the pound is due for a ‘deal dividend’ once the U.K. moves into the lengthy transition period on its way out of ... (full story)