The pound has recovered to its highest level since the election
|06/14/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — The pound has recovered to its highest level since the general election on Wednesday as investors continue to get over the initial shock of the vote and look to the increased possibility of a so-called ‘soft Brexit’ following the Conservative Party’s failure to win a majority.
Sterling dropped sharply on Thursday evening after the exit poll initially showed that no party would win a majority in the House of Commons, with the prospect of a period of uncertainty about who would govern the UK troubling the market. Sterling traded at $1.2950 against the greenback prior to that exit read more >>>