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A gauge of relative demand for bullish or bearish options on sterling has climbed to the highest since April even as the U.K. Prime Minister Theresa May’s Brexit plan faces almost certain defeat in a House of Commons vote Tuesday. The pound may extend its rebound to above $1.30 should the Brexit deadline be delayed from the end of March, said Yuji Kameoka, chief foreign-exchange analyst at Daiwa Securities Co. in Tokyo.
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