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HONG KONG, China (AFP) — The pound held its ground Wednesday and London’s FTSE opened higher after the record defeat of British Prime Minister Theresa May’s Brexit plan, as investors consider the next developments in the long-running saga. Sterling tanked to a near two-year low soon after the government’s proposal on leaving the European Union was soundly beaten Tuesday evening, but it soon bounced back as traders bet there would not be a “no-deal” exit. […]
NEW YORK, United States (AFP) — Moves by the Bank of England boosted London stocks Tuesday, but bourses elsewhere retreated as traders nervously eyed record low yields on government bonds. The British central bank relaxed commercial banks’ capital requirements to boost lending to businesses and households, providing a shot in the arm to London stocks, with the FTSE 100 adding 0.4 percent as the British pound fell to a 31-year low against the dollar. But Germany’s […]
