Sterling Jumps After EU Court Adviser Says Britain Can End Brexit Unilaterally

(Reuters) Sterling jumped on Tuesday after the European Court of Justice’s advocate general said Britain has the right to unilaterally withdraw its notice that it is leaving the European Union.The advocate general’s advice is non-binding but the prospect of a route out of the Brexit process cheered the market, even as Prime Minister Theresa May pressed ahead with plans for a parliamentary debate on her proposed divorce deal with the EU. The pound spiked to a day’s high of $1.2803 and traded up 0.6 percent on the day versus a broadly weaker dollar. Against the euro it rose 0.4 percent to a day’s high of 88.9 pence.

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