Pound Gains as Traders Jump on Signs Brexit Deal Still Possible
- Move shows market still biased toward agreement: Commerzbank
- Hedge funds heavily short on sterling, according to CFTC data
Angela Merkel, Germany's chancellor, right, and Boris Johnson, U.K. prime minister, arrive for a news conference in Berlin on Aug. 21, 2019.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
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The pound strengthened to a three-week high as investors seized on hints from European leaders that a Brexit deal could still be reached.