Sterling held gains in Asian trade on Tuesday, having hit a six-month high versu...
TOKYO - Sterling held gains in Asian trade on Tuesday, having hit a six-month high versus the euro and rising as much as 1% against the dollar overnight, as the risk of a hung parliament in UK elections eased slightly.
In a significant boost for Prime Minister Boris Johnson ahead of the Dec. 12 election, Brexit Party leader Nigel Farage said his party was standing down candidates in seats won by the Conservatives in 2017 and would instead focus on challenging anti-Brexit politicians. Against the euro, the sterling strengthened to its highest level since May 8, at 85.62 pence EURGBP=D4. The pair last stood at 85.79 pence.
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Election gift for PM Johnson: Brexit Party stands down in Conservative seatsPrime Minister Boris Johnson won the most significant boost of the British elect...
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Nigel Farage’s Brexit Party Gives Boris Johnson an Election BoostBritain’s euroskeptic Brexit Party said it wouldn’t contest hundreds of districts held by the ruling Conservative Party in next month’s U.K. election, a boost to Prime Minister Boris Johnson’s chances of returning to Downing Street.
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