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The Independent UK
The Independent UK
National
Holly Bancroft

Pound gains as markets calmed by Boris Johnson quitting race to be prime minister

PA

The pound has gained on the dollar and markets stabilised following news that Boris Johnson will not run in the Tory leadership race.

Sterling stood at $1.136 against the dollar on Monday morning. It had risen to $1.139 at around 9pm on Sunday evening after news broke that Mr Johnson had decided not to try to become prime minister.

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