Money markets cut rate cuts bets on BoE, ECB as Brexit hopes lift gloom
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LONDON (Reuters) - Investors rapidly scaled back expectations for interest rate cuts in Britain and the euro area on Friday as hopes for a breakthrough in Brexit talks eased fears of a deteriorating economic outlook for the region.Sterling surged broadly as hopes of a breakthrough in Brexit talks gathered pace following a meeting between British and Irish leaders on Thursday. That optimism rippled out across markets where Brexit uncertainty and trade war tensions have hurt the economic growth..