Dollar holds gains, sterling up on Brexit deadline extension

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Dollar holds gains, sterling up on Brexit deadline extension
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The dollar largely held onto the previous session's gains in early Asian tr...

TOKYO - The dollar largely held onto the previous session’s gains in early Asian trade on Friday, while sterling edged up on news that Britain could leave the European Union without a Brexit deal at a slightly later date.

Britain could leave the European Union without a Brexit deal on April 12 if lawmakers next week reject May’s agreement with Brussels, EU leaders said on Thursday. “Whenever we get news of the can being kicked down the road, the market reacts positively,” said Bart Wakabayashi, Tokyo branch manager at State Street Bank.

Figures on Friday showed Japan’s core consumer prices rose 0.7 percent in February from a year earlier, slowing from the previous month’s pace.

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