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The pound climbed Wednesday with investors rejecting a government report showing that Brexit could carry an annual £ 100bn boost to the economy over the next 15 years.
The pound hit a high in trading when investors absorbed the forecast, even if it stayed within its trading range of $ 1.27 to just over $ 1.28, adding 0.4% to 1, $ 2795. The pound sterling rose 0.57% against the euro to 1.1334 euro.
Investors have seen an official report from the UK government that Theresa May's Brexit plan will reduce gross domestic product by 3.9 percent over the next 15 years.
The Bank of England is to publish its own badessment, as well as the latest bank stress tests, later Wednesday.
More generally, strategists also badess the chances of Theresa May to accept his agreement on the Brexit, agreed this weekend in Brussels, by a deeply divided parliament, in a vote scheduled for mid-December.
Concern over whether a "no" vote would lead to greater uncertainty kept the pound under pressure, down sharply from this year's high of US $ 1.40.
On the other side of the pound sterling market, a speech made by Federal Reserve chief Jay Powell later on Wednesday is expected to attract public attention. The dollar has risen sharply in recent days.
"Once the market begins to cautiously weigh the comments of US central bankers, one thing is clear: the uncertainty surrounding the outlook for US monetary policy is very high," said Thu Lan Nguyen, an badyst at Commerzbank. .
"The speech of Fed Chairman Jay Powell in New York tonight has the potential to cause a lot of attention in the markets, though it contained only the slightest change in the market. the outlook for monetary policy. "
Supplementary report by Michael Hunter in London.
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