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Sterling edged lower Thursday as concern increased that disagreement over the European Union's draft guidelines for a trade pact with Britain would prevent a transition deal being reached at a summit later this month.The pound hit a 1-1/2-month low of $1.3712 last week and was trading just 1 percent above those levels.A Reuters poll of analysts Wednesday found sterling is set to trade slightly higher in a year's time, near the $1.41 level, less than a month before Britain is formally due to leave the EU, indicating currency strategists remain optimistic London and Brussels can manage a smooth exit and transition deal.
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