The pound soared on hopes for Tory election wins after Nigel Farage says Brexit Party will stand down in some seats

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The pound soared on hopes for Tory election wins after Nigel Farage says Brexit Party will stand down in some seats
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The pound jumped 0.9% on the news.

The pound is soaring after Nigel Farage, the leader of the Brexit Party, announced that his Brexit party won't contest the Conservatives in Conservative-held seats in the upcoming snap election. The pound jumped 0.9% to the dollar on the news at lunchtime in London. "A clear, decisive election win for the Conservatives will provide clarity on Brexit," says an analyst. View Business Insider's homepage for more stories.

The pound is soaring after Nigel Farage, the leader of the Brexit Party, announced that his Brexit party won't contest the Conservatives in Conservative-held seats in the upcoming snap election. The pound jumped 0.9% to the dollar on the news at lunchtime in London. "A clear, decisive election win for the Conservatives will provide clarity on Brexit," says an analyst. View Business Insider's homepage for more stories.

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