Pound Sterling: Labour Landslide Win Underpins Constructive Outlook Against Euro (and Maybe the Dollar)
- Category: GBP
The British Pound is unresponsive to news Labour has won a landslide General Election.
The British Pound enters General Election 2024 with a spring in its step, but there could be some wobbles around 10 PM when the exit poll is released. Here's what to look out for.
MUFG Bank says the UK's political outlook contrasts favourably with developments in Europe and a strengthening economy will limit the amount of interest rate cuts the Bank of England can deliver in 2024.
The British Pound firmed ahead of the weekend, helped in part by news UK's economy grew more than was previously estimated in the first quarter of this year as the impact of rising incomes and falling inflation took hold.
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