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Pound Trims Losses as Leaders Punt on Brexit, Plan More Talks

  • Sterling had been down 1.6%, the most since September
  • ‘We still expect a deal’: Standard Chartered’s Englander
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The pound pared its loss even though Brexit negotiations remained stalled, as investors latched onto hopes that a pledge of further talks means the impasse might still get resolved.

Sterling was down 0.3% at $1.3398 Monday, recovering from a 1.6% plunge earlier in the session that was the biggest drop in almost three months.