May Rules Out Debate Appearance

U.K. Labour leader Jeremy Corbyn said he will take part in a seven-way general election debate on Wednesday night as Prime Minister Theresa May stuck to her position that she would rather address voters than confront her rival on live television.

The BBC, which is hosting the debate at 7:30 p.m., confirmed that Corbyn had decided to attend, while a Conservative Party spokesman said that May had no plans to join him. The prime minister has seen her once-comfortable poll lead erode a week before the vote.

The pound dropped to the weakest in five weeks, as a new polling model showed the election could produce no clear winner. That prompted investors to reassess the election that a month ago looked set to produce an overwhelming majority for May.

Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.