Sterling plunges as hopes of Brexit deal erase – live business | Business



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The markets regained momentum on Friday, in the hope that a meeting between Donald Trump and Chinese Vice Premier Liu He will result in some kind of trade war solution.

By crossing again 7,200 units, the FTSE climbed more than half a percent, thanks in part to a slight decline in the pound sterling. Theresa May's hope of reaching a new Brexit deal at Sunday's summit in Egypt has caused great difficulties, leading to a 0.2% decline in the pound sterling against the euro and the dollar.

In the United States and the Dow Jones, the goal is to increase 100 points after the bell. This would bring the Dow back to 25,950, up from 26,000 on Thursday. Trump is not ready to meet Liu He before 2:30 pm US time. It will be interesting to see if markets can maintain their positive attitude.

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