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Brexit Optimism Boosts U.K. Pound, Bank Stocks

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Signs of optimism that the U.K. could reach a divorce deal with the European Union drove the pound and U.K bank stocks sharply higher

Friday.

Sterling climbed 1.7% against the U.S. dollar on talk of a breakthrough between the two sides after months of worsening relations, causing investors to review their bets on the currency losing further value.

 

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