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Sterling scarred by Brexit turmoil; Asia shares hold trade hopes

Updated : November 16, 2018 08:57 AM IST

Asian share markets fared better as hopes for a thaw in Sino-US trade relations gave Wall Street a fillip, though there were duelling reports on the prospects for an actual agreement.
The pound suffered its biggest one-day loss against the euro since October 2016 and was last at 88.63 pence. Against the dollar, it was huddled at $1.2777 after shedding 1.6 percent overnight.
A Financial Times report said US Trade Representative Robert Lighthizer has told some industry executives that another round of US tariffs on Chinese imports has been put on hold.
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