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Nigel Farage’s Brexit Party has decided to step down from 43 additional constituencies, facilitating the way for a Conservative majority. Markets prefer an outright majority.

GBP/USD has jumped above 1.29, the highest since early November. On its way up, sterling has broken above the downtrend resistance line that has accompanied it since late October.

GBP USD Farage abandons 43 Labour seats

More to come