The British pound lost steam on Friday morning after topping $1.35 in the aftermath of the commanding Conservative victory in the general election. The pound fell back to $1.3370 from as high as $1.3515, though that's still far above the $1.3164 level from Thursday. The pound retreated to 1.1970 euros from 1.2082 euros, though that's above the 1.1826 euros level from Thursday.
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