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Bridging The Gap
Pound rises amid Brexit delay speculation
  Tuesday 26 February, 2019
Pound rises amid Brexit delay speculation

The pound has hit a 21-month high against the euro following increasing speculation of a delay to Brexit.

At one point, sterling was up by nearly one euro cent at 1.1643, its highest since May 2017.

Prime Minister Theresa May said in the Commons that if no deal is agreed and if a no-deal exit is rejected, then there could be a short extension to the date for Britain to leave the EU.

The markets had started to price in this option before Mrs May's speech.

Source: https://www.bbc.com/news/business-47372955

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