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Pound Weakens as Traders Question Complacency Over U.K. Election

  • Polls show Conservative lead is narrowing into Dec. 12 vote
  • Kneejerk move highlights mispricing of political risk: RBC
Pound Traders Face New Reality As Rapid Moves Become The Norm
Photographer: Miles Willis/Bloomberg

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The pound slipped as polls showed the ruling Conservative party’s lead narrowing into a December election, with the tightening race raising investor fears about an inconclusive result.