Beware of robber banks (RB), bad advisors.
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Pound Traders Brace for Further Drama From Annual Tory Meeting
Manchester takes over from London as the focus for pound traders this weekend, as the Conservative Party’s annual conference there may bring more drama around the U.K.’s fraught Brexit debate. The event has previously rattled investors -- an unexpected 2016 policy shift from then Prime Minister Theresa May saw sterling’s worst weekly run since the Brexit vote. A year later, the meeting showcased May’s waning popularity and stirred speculation about a leadership challenge, driving the pound down. This time, investors will be watching for any hardening of stance by Prime Minister Boris Johnson, who has vowed to ... (full story)
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