A real Labour split isn't automatically good for the pound [CNBC]
The Bank of New York Mellon Corporation (BK)
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Source: CNBC
A real Labour split isn't automatically good for the pound Jeff J Mitchell | Getty Images Labour party leader Jeremy Corbyn gives a speech at the County Hotel on June 4, 2017 in Carlisle, England. C Investors predicting a sterling rally if there's a full-blown split in the U.K.'s opposition party are likely to be sorely mistaken. The U.K.'s Labour party has leaned increasingly to the left since veteran politician Jeremy Corbyn took the reins in 2015. Many currency experts have warned on his policies, saying they fear a Labour government would be more negative for sterling than any disastrous Brexit outcome. Seven Labour lawmakers (out of 256) split from the party on Monday While this might diminish Corbyn's chances of being prime minister, a sterling surge is not guaranteed. "Perhaps at the margin you could argue it's GBP positive ... But a Labour split would not necessarily mean that a single party has a chance of forming a stable government in the event of a snap election, and that
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