Pound Advances After Cameron Secures a Deal at `Brexit' Summit
- U.K. currency reverses earlier losses against the dollar
- Prime Minister can call in-out referendum as early as June
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The pound climbed the most in more than two weeks against the dollar as European Union leaders reached a deal aimed at keeping the U.K. in the bloc.
Sterling climbed for a second day as U.K. Prime Minister David Cameron said that he had negotiated a deal that gives his nation special status within the EU. In a Twitter post, EU President Donald Tusk said there was “unanimous support” for the proposal, which followed a two-day summit in Brussels. Cameron had been aiming to seal an agreement that he could sell to the British people in a vote that could be called as early as June.