Pound jumps to four-week high, Asianshares take a breather

The pound climbed to near four-week highs on Tuesday on a report UK Prime Minister Theresa May could seek to delay a Brexit deadline while Asian shares paused at a five-month peak on signs Washington and Beijing were making progress on a trade deal.

Sterling jumped to USD 1.3149 in early Asian trade after Bloomberg reported May was expected to allow her Cabinet to discuss extending the Brexit deadline beyond March 29 at a crunch meeting later in the day.

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