Pound Jumps to One-Week High as May Takes Control of Brexit Talks
- News signals ‘pendulum will shift to a softer stance’: Mizuho
- Sterling still down almost 3 percent versus dollar this year
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The pound rose to a one-week high against the dollar after U.K. Prime Minister Theresa May said she will take control of Brexit talks, as investors bet on a softer exit from the European Union.