British Pound Soars

The pound is enjoying a wild ride today.  First, it moved lower on headlines regarding a statement, and then it had been surging since the initial dive.  It fell to as low as 1.2516 after the statement, a whopping 80-pip drop.

The UK PM May has surprised the nation with a snap election on June 8th.  The announcement came after a new poll showing a 21-point lead for the Conservatives over Labor.

Whether the upward momentum can sustain, it still remains to be seen.  All this uncertainly over Brexit can continue to affect the performance of the pound.

Leave a comment

Your email address will not be published. Required fields are marked *