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...