Brexit delay agreement pushes pound higher
The pound against the US dollar (GBPUSD=X) climbed following the UK and European Union agreeing to delay Brexit until 31 October this year. Sterling rose against the dollar to pop above $1.31 after the possibility of a no-deal Brexit — which would’ve been the default outcome of Britain leaving the EU on 12 April if an extension was rejected by the bloc — was quashed temporarily. Late last night, Britain and the EU agreed to a “flexible extension” of Brexit until 31 October this year, after five hours of talks ...
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