Pound surges as market fears of no-deal Brexit ease

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Sterling is trading at levels not seen against the euro since May 2017 as investors react to the latest political developments.

would urge a"credible Leave option and Remain" - but would not contain the option of a no-deal departure.

Sterling's surge hurt values on the FTSE 100 index as many of its constituent companies earn the bulk of their revenues in foreign currency - especially dollars.London's top flight index was down by 1.2% at the 7,100 point level in late morning trade - lagging the performances of its European peers who were trading only slightly down following rallies on Monday linked toNeil Wilson, chief market analyst at Markets.

"If anything, though, this just hints at the party worrying about an exodus to The Independent Group. "Secondly, and more importantly, there appears to be building pressure on the prime minister to take no deal off the table - another u-turn. "If no deal is abandoned, it would likely entail a delay to Brexit, and whilst assuaging concerns about crashing out without a deal in place, it would not remove all the uncertainty."

 

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StopBrexit

You're reporting statistical noise.

No it doesn’t

You are fake news Sky News!

Surges by 1p... Sky propergander.....

We've been saying for how long THEY NEED THE UK NOT THE UK NEEDS THEM!! ALL the 'eggsperts' predict doom and gloom without eutopia, NOW WHAT LOADS OF FAKE NEWS STORIES TO DENY IT

a working single mum who juggles 3 jobs, does not give a shit about if the pound jumps 5%.

LBC just announced we lost 🤬

RETWEET THIS TO EVERY REMOANER, SNOWFLAKE AND FAR LEFT ANTI-BRIT PLEASE, THEY 'WILL' BE FUMING LOL LOL LOL

mccanntb Surges?

I don't know why people choose to live in poverty, it's like they have a choice to make the pounds go to nothing and they are willing to.

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