Pound rises after Labour’s UK electoral victory

The pound advanced Friday after Britain’s centre-left Labour Party clinched an expected landslide election victory to end 14 years of right-wing Conservative rule. London’s benchmark FTSE 100 index gave up early gains made following news that Keir Starmer would become Britain’s new prime minister, after Labour trounced Rishi Sunak’s Conservatives as Wall Street opened. Labour’s

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