30 Mar 2015
Election uncertainty affecting the Pound – Investec
FXStreet (Barcelona) - Jonathan Pryor, Head of FX dealing at Investec, comments that the UK election risk is affecting GBP exchange rates, and with Cameron set to notify the Queen of the dissolution of parliament today, fresh uncertainty might be seen.
Key Quotes
“After another week of volatile moves on currency markets, focus over the weekend shifted to the UK political landscape. The latest Yougov poll showed Labour at 36%, 4% ahead of the conservatives. However, the latest ComRes poll has the Conservatives ahead by 4% at 36% of the vote.”
“We started to see election risk affecting GBP exchange rates last week and with David Cameron due to notify the Queen of the dissolution of parliament today, we expect to see increased uncertainty come into play.”
Key Quotes
“After another week of volatile moves on currency markets, focus over the weekend shifted to the UK political landscape. The latest Yougov poll showed Labour at 36%, 4% ahead of the conservatives. However, the latest ComRes poll has the Conservatives ahead by 4% at 36% of the vote.”
“We started to see election risk affecting GBP exchange rates last week and with David Cameron due to notify the Queen of the dissolution of parliament today, we expect to see increased uncertainty come into play.”