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Sterling hits 2-1/2 week high against dollar on Brexit talk hopes

Reuters - UK Focus

LONDON, Nov 20 (Reuters) - Sterling rose half a percent to a 2-1/2 week high on Monday, with weekend news on the progress of Brexit negotiations interpreted as mildly positive for the British currency.

Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on Sunday.

The pound rose to a high of $1.3272 in early trades on Monday, its strongest since Nov. 2.

Against the euro, it hit a one-week high of 88.75 pence . (Reporting by Saikat Chatterjee; Editing by Jemima Kelly)