Election-happy pound looks past weak economic data

LONDON (Reuters) - The pound rose on Monday, still boosted by last week's general election victory for the pro-Brexit Conservative party, even in the face of data showing that British businesses this month suffered their worst downturn since mid-2016.Prime Minister Boris Johnson's win saw the pound rally because the market perceives his party as the most able to end the Brexit uncertainty, which has harmed the UK economy and undermined investment in British assets.UK Purchasing Managers' Index..