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Markets

Sterling pares losses after UK cabinet backs Brexit deal

Published Updated

NEW YORK: Sterling scaled back its losses against the euro and dollar on Wednesday after Britain's Prime Minister Theresa May said her cabinet backed her Brexit deal.

At 2:44 p.m. (1944 GMT), the pound was up 0.29 percent at $1.3006, while the euro was marginally higher on the day at 87.105 pence.

Copyright Reuters, 2018
 

 

 

 

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