The pound traded near a five-month high against the dollar and the euro after Br...
TOKYO - The pound traded near a five-month high against the dollar and the euro after Britain’s prime minister Boris Johnson and European Union leaders agreed a new deal for Britain to exit the bloc.
Sterling’s gains on the dollar helped push the greenback to a five-month low versus the euro and a three-week low against the Swiss franc. “Assuming we clear the parliamentary hurdle, the pound has room to rise further because there are a lot of shorts to be unwound,” said Takuya Kanda, general manager of the research department at Gaitame.com Research Institute in Tokyo.
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