Pound dips as political crisis engulfs Britain
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The pound fell 0.2% to $1.3502 amid a political crisis in the UK following the resignation of health minister Wes Streeting, increasing pressure on Prime Minister Keir Starmer after local election losses. The currency also dropped to 86.68 pence per euro. Meanwhile, the 10-year UK gilt yield decreased by 4.3 basis points to 5.026%, while London's FTSE index rose by 0.38%.
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