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.


USD/CAD Canadian Dollar Lower After March GDP Beats Expectations but Oil Drops

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam