May
10

Pound Jumps Against US$ But Trouble Ahead Post Tory Triumph Amid ‘Brexit’ Fears

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Despite the Pound jumping against both the US dollar and the euro following the surprisingly clear win in the UK general election for the Conservatives, the UK economy is not out of the woods and there could well be trouble ahead for the currency with a referendum over the nation’s membership of the European Union (EU) and a possible ‘Brexit’ scenario.

One might have thought that the currency and stock markets would not have reacted so dramatically. But it certainly highlights how heightened uncertainty over the result in the run up to the vote can wrong foot the market. The result hadn’t exactly been priced in as the polls had pointed to a hung parliament…

Pound Jumps Against US$ But Trouble Ahead Post Tory Triumph Amid ‘Brexit’ Fears

 

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