Pound gains as Tory election lead promises end to political uncertainty
Share:
LONDON (Reuters) - Sterling climbed above 10-day lows versus the dollar on Monday, as opinion polls continued to show the Conservative Party to be runaway favourite to win the Dec. 12 election with a pledge to implement Brexit and halt 3-1/2-years of political uncertainty.The pound rose 0.4% at $1.2883, rising off 10-day lows hit on Friday when dire PMI data highlighted the weak state of the UK economy and underscored the low possibility of interest rate hikes in the near future.Against the euro..