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Pound hovers near eight-day trough, Brexit talks in focus

The pound wobbled near an eight-day trough on Thursday as traders focused on UK’s rigorous talks over departure from the European Union.

Sterling inched down 0.1 percent to $1.3364 in early trading. Versus the euro, the British currency was unchanged at 88.10 pence.

UK intends to agree with the EU on Dec. 14 to shift the Brexit negotiations to the next stage focusing on trading relations and a two-year transition deal to smooth its withdrawal in March 2019.

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