The pound rose as much as 0.7% on Monday, still boosted by last week's gene...
LONDON - The pound rose as much as 0.7% on Monday, still boosted by last week’s general election victory for Prime Minister Boris Johnson’s Conservative party.
Monday will be the first day in power for 109 new Conservative lawmakers who won seats in Thursday’s election. Johnson intends to re-submit the Withdrawal Agreement Bill to parliament for ratification before Christmas. According to weekly futures data, speculators reduced their net short position to $1.861 billion in the week to Dec. 10, the lowest level of shorts since May GBPNETUSD=.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mnuchin says phase two of China trade deal may come in stages: 'We'll see'The second phase of a trade deal between the U.S. and China may come in stages, according to U.S. Treasury Secretary Steven Mnuchin.
Read more »
Trump impeachment: How some Democrats may not be united on articles
Read more »
Johnson's win may deliver Brexit but could risk UK's breakupBoris Johnson’s election victory may help him take Britain out of the European Union, but it could threaten the survival of the United Kingdom of England, Scotland, Wales and Northern Ireland.
Read more »
Brand New Drugstore Foundations That May Just Sell Out in 2020Scoop up these drugstore foundations while you can!
Read more »