Economic news

Pound dips, shares surge on Brexit disillusion

The pound tumbled half a percent on Tuesday as investors were disappointed after the UK failed to reach a deal with EU policymakers on Monday before important trade negotiations start next week.

Sterling dipped 0.53 percent to $1.3406, its trough since Nov. 30.

The FTSE stock index rose 0.3 percent as the pound’s weakness was seen benefiting exporters.

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