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Britain’s Labour Set to Take London After Bitter Mayoral Campaign

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Sadiq Khan, a Muslim opposition lawmaker, is on course to be elected London’s mayor on Thursday, loosening the ruling Conservatives’ hold on Britain’s financial centre after a campaign marred by charges of anti-Semitism and extremism.

The fight to run the British capital has pitted the Labour Party’s Khan, 45, the son of a bus driver who grew up in public housing, against Conservative Zac Goldsmith, 41, the elite-educated son of a billionaire financier.

But rather than their social backgrounds, it has been accusations of smears over Khan’s Muslim faith and anti-Semitism in the Labour Party that have dominated the campaign to replace Conservative Boris Johnson as mayor of the city of 8.6 million people which is usually known for its tolerance.

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.
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