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Pound Swings as No-Deal Brexit in Focus on Tory Leadership Votes

  • Moves show market is short on sterling: Nomura’s Rochester
  • Results suggest no-deal versus deal candidate: Credit Agricole
Bloomberg business news
"You have to remain short Sterling," SocGen’s Kit Juckes says.Source: Bloomberg
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The pound whipsawed as Brexiteer Boris Johnson took a commanding lead in the first round of voting to elect a new British prime minister.