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Sterling Gains on Unconfirmed Reports UK PM Boris Johnson Will Resign Today

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Sterling hit a day’s high Thursday following multiple unconfirmed reports that Prime Minister Boris Johnson is set to resign.

The pound rose 0.35% against the U.S. dollar to trade at $1.1971 around 9.25 a.m. London time.

It comes after more than 50 MPs resigned from Johnson’s government within 48 hours.
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