The euro fell to more than a three-week low against the British pound on Thursday as hopes grew of a deal between Britain and European Union at a summit next month.

EU leaders are preparing to offer a two-year Brexit transition deal as early as January after negotiators were close to a deal over the Northern Ireland border, The Times said, citing EU sources.

The single currency fell to its lowest level against the pound since November 7 at 87.97 pence in early trades and has fallen 2 per cent over the last three sessions.

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