Buy Sterling on a ‘Brexit Breakthrough’? Not Yet, Say Investors

Buy Sterling on a ‘Brexit Breakthrough’? Not Yet, Say Investors
Even assuming a successful negotiation in Brexit talks, the sterling has considerable headwinds against its two major rivals, the U.S. dollar and the euro. REUTERS/DARREN STAPLES/ILLUSTRATION/FILE PHOTO
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LONDON—Sterling investors remain hesitant about chasing the rallying pound higher, even as the British government says it is close to an agreement with the European Union on how to move Brexit talks on to trade next year.