Sterling set for fourth weekly loss ahead of parliamentary Brexit vote

Sterling set for fourth weekly loss ahead of parliamentary Brexit vote

The FTSE 100 surged past the 6,800 mark as it aims to reconsolidate yesterday’s losses, up 1.576pc at 6,809.70, while US stocks were expected to open lower.

Brent crude was up 0.57pc to $60.40 as Russia seemed likely to contribute larger cuts to the OPEC+ deal, although gains were limited by concerns that a deal might not be reached due to Iran insisting to be exempt.

Sterling dropped 0.4pc at $1.2746 and was set for its fourth consecutive decline as UK Prime Minister Theresa May pushed forward with plans for a parliamentary vote on her Brexit deal.

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