# Election gift for PM Johnson: Brexit Party stands down in Conservative seats | Reuters

> The Brexit Party agreed to stand down in Conservative-held seats, boosting Boris Johnson's chances in the December UK election. Sterling rose as much as 1% against the dollar and hit a six-month high against the euro.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/56320-election-gift-for-pm-johnson-brexit-party-stands-down-in-conservative-seats
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Improved odds of a Conservative majority lift sterling via reduced no-deal Brexit risk, a political currency move with no direct feed commodity impact.

## Sources

- reuters.com: https://www.reuters.com/article/world/election-gift-for-pm-johnson-brexit-party-stands-down-in-conservative-seats-idUSKBN1XL1JG/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.