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Volatile pound regains some ground

The pound has rebounded in afternoon trading in response to a report that the main elements of a Brexit treaty text are ready to present to the UK cabinet on Tuesday.

Sterling regained some ground after a Financial Times report cited the EU's main Brexit negotiator, Michel Barnier.

The pound turned positive against the euro, up 0.17% on the day at €1.1466.

Against the dollar, it recovered partially to stand 0.43% lower at $1.2918.

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BBC News

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