The prospect of early elections are bad for the pound

The pound could not resist at the height of the day when the British Prime Minister had got parliamentary approval for early elections scheduled for 8 June.

20.Apr.17 9:08 AM
By Christina Orlina
Photo Toinnov.com

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The prospect of early elections are bad for the pound

The pound could not resist at the height of the day when the British Prime Minister had got parliamentary approval for early elections scheduled for 8 June. By the end of the day 19 April, after observing the record since last October growth against the dollar and the euro, the British currency fell 0.46 %.

Overall, market analysts expect that the pound will be volatile in the next six weeks: “If you pay attention, all waiting now for a strong conservative government. I think sooner or later the markets will react positively. But in the near future should prepare for the fact that there will be many pre-election vanity. Recently, we have repeatedly seen that the predictions of political events should not be done,” says analyst of the company HARGREAVES LANSDOWN.

Index of London stock exchange FTSE 100 to the end of the day was minus 0.1 percent. The worst result showed the British brand of clothes, accessories and perfumery luxury Вurberry, whose shares have lost more than 5 %.

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