Forex Market News

Sterling Pound Spot Traded Higher By 0.24 Percent

In the yesterday’s trading session, Sterling pound spot traded higher by 0.24 percent (GBPUSD) and 0.06 percent (GBPINR) after the opinion polls showed that the Labor party was catching up with the Tories ahead of next month’s election. Markets in the meantime are risk-averse post Manchester bomb-blast and look for clues to make any risky investment bets.
GBPINR spot is expected to trade lower today after a YouGov poll showed UK PM could lose control of parliament in Britain’s June 8 election, raising the prospect of political turmoil just as formal Brexit talks begin.
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