Today will be a very interesting day for the markets. U.K. snap election will take place, ECB policy meeting will form future market expectations and in the U.S., the former director James Comey testimony may deteriorate trust to Trump’s government.
U.K. Election Will Determine Sterling’s Future
The final poll by YouGov shows Conservatives or Tories leading by seven points the Labours and bolstered the British pound. The sterling ended Wednesday’s and early Thursday’s trading session higher against all the majors. The final call polls suggest Theresa May to increase her majority in the parliament and have a stronger hand to negotiate Brexit. Though, I believe traders are cautious after the surprise Brexit vote in the referendum, as the polls show the gap between May and hard-left leader Jeremy Corbyn narrowing through the campaign.
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