Pound US dollar exchange rate rises as Labour narrowly defeats Brexit Party in by-election

The pound-US dollar exchange rate edged higher today and is trading around $1.271 at the time of writing. The pairing has risen following Peterborough’s by-election result, which saw Labour win narrowly against the Brexit Party. Labour leader Jeremy Corbyn said: “Peterborough has shown clear support for Labour's programme to end austerity and invest in services and communities, rejecting a decade of Tory cuts and their disastrous handling of Brexit.”

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