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The pound is still not recovering to pre-election levels despite hints of a ‘Soft Brexit’

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LONDON — The pound has stabilised from its sharp drops of last week but has failed to recover to the levels of before the general election.

Sterling dropped sharply on Thursday evening after the exit poll initially showed that no party would win a majority in the House of Commons and resumed its sharp slide in early trade in London on Friday morning after it became clear that the election had returned a hung parliament.

However, after news broke that May would visit the Queen and seek to form a new government, the currency stabilised, and the market remained calm read more >>>

Source:: BusinessInsider.Com

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