The market reaction on early elections

After the statement of the Prime Minister of Great Britain Theresa May to hold early elections in June, the pound returned to growth against the dollar and the Euro.

20.Apr.17 8:39 AM
By Christina Orlina
Photo Toinnov.com

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After the statement of the Prime Minister of Great Britain Theresa May to hold early elections in June, the pound returned to growth against the dollar and the Euro. The leading index of the British stock exchange FTSE 100 lost more than 2.5% and decreased to minimum for last seven weeks of indicator.

Market analysts expect that the pound will be volatile in the next six weeks amid the upcoming vote. In General, because of the brexit, British currency fell by 15% compared to the US and 20% in tandem with the Euro.

The main stock indices of Europe traded in negative territory on the background of the dynamics of global oil prices and geopolitical risks. The composite index of European companies STOXX 600 lost 1%.

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