Economic news

Pound climbs on Brexit negotiations progress

The pound surged on Monday as traders add positions after the European Union agreed to move Brexit talks to Phase 2.

The British currency inched up 0.2 percent versus the dollar to $1.3352.

Versus the euro, the pound traded at 88.30 pence per euro.

The EU agreed on Friday to move to the next phase of the Brexit negotiations do discuss further trade relations between bloc and the UK.

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