Pound extends surge as investors bet no-deal Brexit less likely
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LONDON (Reuters) - Sterling surged to a five-month high against the dollar on Tuesday as investors ramped up bets that a no-deal Brexit could be avoided after Prime Minister Theresa May offered MPs the chance to vote on delaying the process.The pound at 1620 GMT was up 1.4 percent at $1.3284, extending earlier gains shortly after a British lawmaker said his plan to give parliament control of the Brexit process would likely not be voted upon on Wednesday because of May's proposals.Sterling also..