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Asian shares slip from five-month highs, pound jumps on Brexit delay hopes

Updated : February 26, 2019 12:36 PM IST

Sterling jumped to $1.3149 in early Asian trade after Bloomberg reported May was expected to allow her Cabinet to discuss extending the Brexit deadline beyond March 29 at a crunch meeting later in the day.
A delay might also anger May's pro-Brexit colleagues who could even support a vote of no confidence in the government, potentially triggering a general election.
US President Donald Trump said on Sunday he would delay a tariff hike on $200 billion of Chinese imports in the clearest signs yet that both sides were making progress in the talks, but he also sounded a note of caution, saying a deal "could happen fairly soon, or it might not happen at all."
Asian shares slip from five-month highs, pound jumps on Brexit delay hopes

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