Pound boosted by Brexit party decision; Gold slips

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Sterling exploded higher on Monday, gaining roughly 0.8% against the dollar after the Brexit party said it would not contest Conservative seats in the upcoming election.

This surprise development certainly comes as an early Christmas gift for Prime Minister Boris Johnson ahead of the December 12th election. Given how the prospects of a decisive Conservative win will provide some sort of clarity and direction on Brexit, the Pound is positioned to push higher in the near term. However, it will be unwise to completely rule out the possibility of Britain leaving the European Union with no deal… Read More:

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