Sterling held back by election uncertainty; short positions reduced
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LONDON (Reuters) - The pound was flat on Monday, little changed against the dollar but up around 0.1% against the euro, ahead of UK construction data which is expected to take a back seat to political developments as election campaigning gets underway.PMI data, due at 0930 GMT, will reflect construction during October, when the country faced the risk of a no-deal Brexit in the run-up to the Oct. 31 deadline that has since been postponed.The pound traded flat against the dollar at $1.2935, just..