Sterling has rebounded against the greenback after losing ground earlier in the morning, as Prime Minister Theresa May is set to officially start the UK's formal proceedings to leave the European Union later today.
The letter which triggers Article 50 is expected to be delivered to the EU in Brussels just after 12.30pm GMT, triggering two years of uncertain negotiations between the UK and the EU, according to Reuters....
The US dollar is close to peaking and the risks now seem to be on the downside.
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