Sterling ticked higher against the dollar on Monday, with market moves largely driven by news of a surprise announcement from OPEC+ of more production cuts which sent the price of oil and the dollar sharply higher earlier in the session. By 1030 GMT the pound was up 0.18% against the dollar which trimmed gains, at $1.2352. The pound, meanwhile, was virtually unchanged against the euro at 87.96 pence.
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