Sterling rockets as Irish backstop hopes add to Brexit optimism
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LONDON (Reuters) - The pound extended the last week's dramatic rally on Friday as investors pounced on a media report that Northern Ireland's largest political party had agreed to accept some European Union rules after Brexit.The report in the Times newspaper, which was swiftly denied by the party, encouraged the view that Britain and the EU can agree a deal to replace the Irish backstop, the main sticking point in negotiations between London and Brussels.Talk of an alternative to the Irish..