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Sterling inches lower on skepticism over Brexit transition deal


Thursday, 15 March 2018 17:08 WIB

poundSterling,Poundsterling


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Sterling hovered below its highest level in nearly two weeks on Thursday, falling slightly against both the dollar and the euro amid some skepticism over the prospect of a smooth transition deal for Britain in Brexit negotiations.

The pound hit its highest level since Feb. 27 this week, helped by an upbeat assessment of Britain’s economy by British finance minister Philip Hammond and a broader weakening of the dollar that was spurred by U.S. President Donald Trump’s sacking of his Secretary of State Rex Tillerson.

By 09:35 GMT the pound was flat at $1.3965. It was flat at 88.57 pence per euro.

Source: Reuters


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