Sterling jumped more than 1% during today's session on signs the UK and EU are finally on the brink of reaching a deal to govern trade ties after the end of this year. "A deal is imminent and could be agreed as early as Wednesday evening", a senior EU diplomat told Reuters. There was no confirmation from Britain that a deal was about to be struck; the two sides have given a dizzying array of conflicting signals over recent days. Earlier, European Union member states started to prepare procedures to put in place a new trade deal with the United Kingdom from Jan. 1, sources in the bloc said, indicating a deal was imminent.
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