Pound steadies as London seeks new Brexit delay

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LONDON: The British pound steadied Friday (Apr 5) after London requested another Brexit extension in the long-running saga, while global stocks ...

in the long-running saga, while global stocks mostly rose on hopes over China-US trade talks.

May also told EU Council president Donald Tusk in a formal letter that Britain would start preparing for its participation in European Parliament elections in case it is still a member of the bloc when they begin on May 23.The embattled premier is racing against the clock in a desperate bid to get her deal approved in time for an EU leaders' summit in Brussels on Wednesday, when a formal decision on any extension will be made.

With top negotiators from the world's top two economies huddled down in Washington for three days of talks, there has been a growing sense they are close to an agreement to end a stand-off that battered global equities last year.US President Donald Trump added to the sense of hope on Thursday when he said the two sides were nearing a successful conclusion.

 

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