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Pound lower against US dollar after call for UK election
Johnson said he was asking parliament to approve a national election on Dec. 12 in an effort to break the political deadlock over Brexit and ensure the UK leaves the European Union. The added uncertainty brought on by an election may hurt the pound GBP= in the near term. It was last down 0.47% at $1.285 and 1.43% lower this week. Having surged to a 5-1/2 month high on Monday, sterling fell on Tuesday after British lawmakers blocked Johnson's plan to push through a withdrawal agreement and get the UK out of the EU on Oct. 31. “Is the election positive for GBP? I argue no. The campaign will see polling swings, and ... (full story)