Economic news

Pound inches up but investors sceptical about further Brexit talks

The pound ticked up versus the dollar and euro in thin trading on Wednesday, with traders remained cautious ahead of the Christmas holiday and second stage of the Brexit negotiations next year.

British currency rose 0.2 percent on the day to $1.3406. Versus the euro, it climbed 0.1 percent to 88.37 pence.

Investors focused on the next phase of departure talks between the UK and the European Union, that left sterling unable to break outside of the ranges it has traded in over the recent weeks.

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