GBP Slumps as May Poll Lead Shrinks
The U.K. election just got interesting for pound traders.
Sterling fell against all of its 16 major peers on Friday after a poll showed the Conservative Party’s lead over the main opposition Labour Party has narrowed to five percentage points with two weeks to go until the June 8 election. That comes after weeks of surveys showing a bigger Tory lead had made the vote all but a foregone conclusion for the market.
Further Woes For Oil and GBP
Slip Sliding Away : Oil
USD/CAD Canadian Dollar Lower After OPEC Extension Announcement Meets Expectations
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.