Weak economic data doesn't hurt the election-happy pound
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LONDON (Reuters) - The pound rose 0.3% on Monday, still boosted by last week's general election victory for Boris Johnson's pro-Brexit Conservative party, even in the face of weak PMI data.The prime minister'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.But UK PMI data for the services and manufacturing sectors show that in November British businesses endured their worst downturn since mid-2016.The..