Reuters: British Prime Minister Gordon Brown averted the immediate danger of government collapse on Friday with a cabinet reshuffle that bought the loyalty of key ministers, but the political uncertainty weighed on sterling. By backing down from replacing finance minister Alistair Darling, Brown appeared to have headed off an open revolt by his Labour party for now. But his authority has been wounded at a time when Britain is in its deepest recession in 60 years and markets and the country are looking for strong government.
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