Sterling has tumbled over 2% against both the pound and the euro since last night’s shock exit poll projected a hung parliament. Having initially been expected to win by a landslide, putting the government in a stronger position ahead of Brexit negot… Read more

The euro fell around 0.6% against the dollar and 0.5% against the pound yesterday on reports that the ECB would cut its inflation projections. Euro-dollar held above 1.1200 and later reversed those losses. Sterling-euro regained 1.1500, rising to aro… Read more

Sterling remained vulnerable ahead of Thursday's election. While a Conservative win is still expected by many investors, markets have become less confident in the outcome as the Tory lead in polls narrowed. Of note will be not just whether the Conser… Read more

Sterling fell in the morning before recovering later in the session. The pound has been broadly under pressure recently as opinion polls shower a closer race ahead of next week’s elections. As for UK data, Manufacturing PMI fell less than forecast, b… Read more

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