Economic news

Review: Pound dips on election concerns

The pound slips on Thursday on concerns that Prime Minister Theresa May could not win majority of seats in parliament after the June 8 elections in Britain.

Sterling dropped 0.1% to $1.2877 after a YouGov survey showed May might not significantly get the number of seats in parliament necessary to form a government, which could result in political upheaval given the start of the official Brexit talks.

The dollar index .DXY increased by 0.1% to 97.003 after dropping by 0.4% on previous session.

Photo: REUTERS/Toby Melville

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