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Pound climbs after EU agrees three-month Brexit 'flextension'

The pound climbed on Monday after European Council president Donald Tusk said that EU leaders had agreed to grant the UK a three-month Brexit “flextension”.

In a tweet, Tusk said that the decision would be “formalised through a written procedure.”

Under the plan, the UK will leave the bloc on 31 January, with the option to leave earlier if a deal is ratified.

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