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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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