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.
The British Pound dropped amidst surging bond yields and falling global equity markets as investors feared inflation was making a return.