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Pound jumps as BBC forecasts May to win vote

LONDON: The British pound jumped Wednesday after the BBC reported that a majority of Conservative Party lawmakers were set to back Prime Minister Theresa May in a no-confidence vote. At about 1330 GMT, sterling advanced to $1.2579, having earlier hit a fresh 20-month low at $1.2478. The pound recovered to 90.18 pence versus the euro. According to the BBC, May was set to win the vote with at least 158 Conservative MPs -- more than 50 percent of those eligible -- having pledged their support for the embattled premier. May…

Pound edges up after hitting 31-year low

TOKYO, JAPAN: The pound rose in Asia Tuesday after hitting a new 31-year low in New York on worries about the effects of Britain's exit from the European Union, but analysts warned it could face fresh selling as the crisis develops.