Pound surge suggests UK election will ease Brexit

London • The British pound’s surge since Prime Minister Theresa May’s surprise call for an early election is an early sign of confidence that the country’s exit from the European Union will be smoother than many had feared. While the vote increases uncertainty in the short term, traders think that the expected resounding victory by May’s Conservative Party could help the prime minister face down critics — both within her ranks and the opposition — in her Brexit discussions. Spiking by more than ...

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