Sterling braced for more uncertainty as PM triggers election

Analysts look at opinion polls after Theresa May calls for general election on June 8

Fees and currency news
Sterling fears: the risk remains of a more permanent loss of investment due to uncertainty

Prolonged political uncertainty is likely to have an impact on sterling over the next six weeks, after Prime Minister Theresa May said she will seek a snap general election on June 8 in an attempt to win a larger parliamentary majority.

The announcement on April 18 surprised traders returning from the Easter break, with the pound trading 1.58% higher against the dollar on the day and hitting $1.2763 at pixel time – a four-month high.

“Even though the political uncertainty has increased

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: