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, curren