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BREXIT

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

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

London

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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