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Pound Rally Fizzles as Ireland Puts Dampener on Brexit Hopes

  • Currency retreats from two-month high fueled by EU’s Juncker
  • Sterling may rise 5% if deal clinched, says BNY Mellon’s Dhar
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EU's Juncker Says Risk of a No-Deal Brexit Is `Palpable'
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The pound pulled back from a two-month high as Ireland warned a Brexit deal is not close, calming a rally sparked by optimism from European Commission President Jean-Claude Juncker.