Labour's McDonnell: No run on sterling if we win election

LONDON (Reuters) - Britain’s opposition Labour Party is not expecting a run on the pound if the party wins Thursday’s election, Labour’s would-be finance minister John McDonnell said on Monday, adding that he thought the currency could rise instead.

Asked what his plan to stop a selloff in sterling would be, McDonnell said: “There wouldn’t be (capital flight), that’s all the advice we’ve been getting.”

“In fact my fear is...
source: Reuters

2019-12-09 14:32
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