Weak sterling unfazed as Johnson wins party vote as expected

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Weak sterling unfazed as Johnson wins party vote as expected
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[LONDON] Sterling recovered some losses but was little moved after news that Brexiteer Boris Johnson would replace Theresa May as prime minister after winning the leadership of the Conservative Party on Tuesday. Read more at The Business Times.

Sterling recovered some losses but was little moved after news that Brexiteer Boris Johnson would replace Theresa May as prime minister after winning the leadership of the Conservative Party on Tuesday.[LONDON] Sterling recovered some losses but was little moved after news that Brexiteer Boris Johnson would replace Theresa May as prime minister after winning the leadership of the Conservative Party on Tuesday.

Analysts said the pound's small move higher after the announcement was a relief rally following a dismal period for the sterling in which it had fallen to more than two-year lows.Market voices on:Boris Johnson promises to unite UK after winning PM race

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