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Speaking at an event on Thursday, the German Chancellor Angela Merkel said she wants to ensure that in case of a no-deal Brexit, its negative on both the UK and Germany are minimized.

Merkel noted: “We want to reduce the negative effects, even if there is a disorderly Brexit, in both countries.”  

The above comments have little to no effect on the pound, as it cheers the latest Brexit optimism, with GBP/USD up +0.60% near 1.2275.

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