Pound claws back from 3-year low after Johnson's defeat in Brexit vote

The pound has rebounded after investors felt relieved following the defeat of Boris Johnson in Parliament on Tuesday night as a rebel alliance of MPs seek to block a no-deal Brexit. The pound, which has lost nearly 20% of its value since the UK voted to leave the European Union in 2016, fell to a three-year low of $1.1959 but then rebounded after Johnson lost his working majority in the British parliament on Tuesday following the defection of one of his Conservative Party MPs. The value of the pound rose 0.48% to 1.214 against the dollar while it jumped 0.35% to 1.105 against the euro...