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Pound soars on hopes for imminent Brexit deal 11:36am EST [Reuters]
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Pound soars on hopes for imminent Brexit deal | Reuters 3 Min Read LONDON (Reuters) - Sterling hit a 7-month high versus the euro on Tuesday and jumped beyond $1.30 as investors bet a Brexit agreement with the European Union was imminent. In late European trading, British media reported Prime Minister Theresa May would hold a cabinet meeting on Wednesday to sign off the Brexit divorce deal. That followed a report from Irish broadcaster RTE that Brussels and London had agreed on a text that deals with the Irish border question, the trickiest part of the agreement. RTE said negotiations had not “concluded”, however, with the text sent to London. The EU wants to get agreement on a draft deal by the end of Wednesday at the latest if there is to be a summit this month to approve it. Brussels diplomatic sources fear any delay will increase the chances of rejection by May’s ministers or the British parliament. After rising throughout Tuesday on growing hopes of a breakthrough in talks, the p
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