General Election Effect On Pound

Before the brexit vote the pound was trading at over 1 30 since then it s declined almost 13.

General election effect on pound. The election result will have an impact on the pound s value t he value of the pound is influenced by politics at home and abroad as investors speculate on the consequences of party policies such. The impact on british smes. A conservative majority could fire the pound above 1 40.

Now city economists believe sterling is at a crossroads with the upcoming general election poised to send sterling soaring or diving. Pound and shares surge. On paper labour s spending plans could boost the currency but investor confidence.

Image copyright getty images. The pound has risen on the prospect of a tory majority so any alternative outcome could cause a sudden snapback. It pays to be aware of the potential fallout for your business.