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Sterling soars on draft Brexit declaration

Published 11/22/2018, 05:43 AM
© Reuters.  Sterling soars on draft Brexit declaration
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  • The pound is on the rise after the European Commission endorsed a declaration on the future relationship between the U.K. and EU.
  • The document aims to ensure an "ambitious, wide ranging and balanced economic partnership” that would include a "free trade areas as well as wider sectoral co-operation where it is in the mutual interest of both parties."
  • Theresa May will return to Brussels on Saturday for last-minute talks before the EU's leaders are expected to rubber-stamp the accord.
  • Sterling +1% to $1.2904. FTSE 100 -1.4%.
  • ETFs: FXB, EWU, IRL, GBB, EIRL, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP
  • Now read: U.K. Business Outlook Gloomiest Since 2009 As Brexit Worries Mount


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