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This simple prisoner's dilemma chart from ING explains what Brexit could do to the pound in 2018

ING FX Strategist Viraj Patel uses a game theory approach to determine how sterling might move as Brexit progresses. Patel's "Prisoner's Dilemma" chart provides a handy summation of where the pound may be headed in 2018. Sterling dropped in reaction to news that the UK and EU have reached an agreement on the first phase of Brexit negotiations. LONDON — The UK and EU reached an agreement on Friday on the first phase of Brexit negotiations after overnight talks between Theresa May, European Commission President Jean-Claude Juncker, the DUP and the Irish government.
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