British pound rises 0.8 percent vs dollar in early Asian trade

The British pound jumped 0.8 percent to $1.2210 in early Asian trading on Wednesday, bouncing back from a low below $1.21 touched in late U.S. trade the previous day.

Some market players suspect sterling benefited from a report by Bloomberg that British Prime Minister Theresa May has accepted that Parliament should be allowed to vote on her plan for taking Britain out of the European Union

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