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Global Markets: Asia shares rally on U.S. jobs relief, sterling slugged by politics

Reuters  |  SYDNEY 

By Wayne ColeSYDNEY (Reuters) - Asian share markets rallied on Monday as favourable U.S. jobs data whetted risk appetites, while sterling slipped after two members of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.The pound peeled off around a third of a U.S. cent to $1.3290 as news broke British Brexit Secretary David Davis and Brexit Minister Steven Baker had resigned.The loss came just two days after a meeting at May's Chequers country residence supposedly sealed a cabinet deal on Brexit and underlines the deep divisions in her ruling ...

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First Published: Mon, July 09 2018. 08:16 IST