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Sterling revives on hopes of a UK-EU trade and services deal

BOE's new forecast that UK economic slump will be less severe than expected also contributes to pound's rise

The pound has risen by 7 per cent against the US dollar and is now close to its early 2020 highs.


THE British pound has risen sharply since the beginning of July, mainly on hopes of a steeper revival and that there will be a Brexit trade and services deal with the European Union (EU).

Some negative politicians and media are worried that there would not be a deal as the...

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