Sterling jumps to highest since May on Brexit deal hopes
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LONDON (Reuters) - Sterling surged on Tuesday to its highest level against the dollar and the euro since May while British stocks and government bond yields also rose after Bloomberg said British and EU negotiators were closing in on a draft Brexit deal.Already higher on the day, the pound jumped above its 200-day moving average, a closely watched technical level, after the report as investors watched for any signs of a breakthrough in the Brexit talks. The British currency climbed 1.5%..