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British pound wobbles as May announces resignation



BERLIN: The British pound wobbled after Prime Minister Theresa May announced her resignation, while stock markets mostly rebounded as US President Donald Trump offered an “olive branch” to China in their trade war, dealers said.

Sterling sank below $1.27 after May said she would step down on June 7 as prime minister, paving the way for a brutal contest to replace her.

 

Publish Date : 24 May 2019 20:41 PM

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