The pound edged up against the US dollar this afternoon, as the Labour party changed its mind about an early December election, with the pairing currently trading around $1.288. Sterling wobbled on Tuesday as Prime Minister Boris Johnson made another push for a December general election after MPs rejected his bid on Monday.
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Pound US Dollar exchange rate: GBP/USD rises as Labour backs December election
![Pound US Dollar exchange rate: GBP/USD rises as Labour backs December election]()
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29 October
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