Pound rises as rebellion against Brexit treaty breach grows
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Pakistan, Sept. 16 -- Sterling rose after better-than-expected jobs data on Tuesday and British Prime Minister Boris Johnson faced opposition within his party to proposed legislation that would breach the Brexit treaty. But the bounce was likely to be temporary, analysts said, as Johnson faces a growing rebellion from his own party and more attempted revisions as the bill progresses. "There is some optimism that opposition is growing to this bill and that the rebellion could increase in size," Lee Hardman, a currency strategist at MUFG in London, said. The pound, which has fallen sharply in recent weeks as investors fretted that Johnson's plan sharply increased the risk of a no-deal Brexit, was 0.5% higher at $1.2908, moving away from two...
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