Investors slash bets on weaker pound after Johnson's thumping election win
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LONDON (Reuters) - Sterling was well supported on Friday after rising overnight to above $1.35 as investors rushed to unwind bets on a weaker pound after a resounding election victory by Prime Minister Boris Johnson's Conservative Party.Johnson's win will allow him to end three years of political paralysis and take Britain out of the European Union in an orderly manner in a matter of weeks. The pound was last trading up 1.6% at $1.3393, giving up some of the gains it made overnight when it..