British pound set for weekly loss on political uncertainty

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British pound set for weekly loss on political...
 © In-Cyprus 2019

Sterling edged lower on Friday and is poised for a weekly loss as investors await political developments ahead of Britain’s December 12 election.

The pound briefly dipped below $1.28 against the dollar earlier, ignoring news that Scottish First Minister Nicola Sturgeon would seek to form a “progressive alliance” to keep the Conservatives out in the event of a hung parliament.

Sturgeon said the Scottish National Party would seek to stop Brexit by supporting a second referendum.

The pound fell to an Oct. 26 low of $1.2794 on Thursday when the...


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British pound set for weekly loss on political uncertainty


The contents of this article including any associated images are © In-Cyprus 2019
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Article Tags: british, pound, weekly, political, uncertainty,