Pound Jumps After Nigel Farage Promises Not to Contest Tory Seats
- Currency gains close to 1% as hurdle to Tory majority removed
- Tory-Brexit Party coalition was worst case scenario for some
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The pound rallied on increased conviction the Conservatives will win December’s election after Brexit champion Nigel Farage pledged not to fight the ruling party.
The currency rose the most in more than three weeks after Farage, whose Brexit Party could have split votes for the Conservatives, said he wanted to prevent a second Brexit referendum and pledged to concentrate his efforts on preventing Labour Party candidates entering Parliament.