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Brexit 'Pivotal Moment' Turns Deutsche Bank Positive on Pound
A palpable feeling of optimism over a potential Brexit deal rippled through markets after U.K. Prime Minister Boris Johnson met Irish premier Leo Varadkar. And Deutsche Bank AG is one of those convinced it’s now time to buy sterling. “We cannot recall a time during the Brexit process of the last year at which the Irish government raised expectations to this extent,” wrote Oliver Harvey and George Saravelos, strategists at Deutsche Bank, ending a recommendation to sell the currency. “We are no longer negative on the pound.” Sterling climbed the most since March after Varadkar and Johnson said Thursday they ... (full story)