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The Independent UK

National

Ben Chapman

Pound rises against dollar after Boris Johnson quits

Boris Johnson Conservative Party

AFP via Getty Images

The pound rose against the dollar after Boris Johnson announced he is to be replaced as prime minister.

Sterling gained more than 0.4 per cent to $1.2 as traders priced in the prospect of an end to months of chaos under Mr Johnson’s leadership. He will remain in place while the Conservative Party selects a new leader.

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