British pound steadies, following opinion survey

British pound steadies, following opinion survey

On Monday, the UK’s sterling found itself the only substantive mover among key currencies, reviving some ground after weekend surveys demonstrated that Prime Minister Theresa May is braced for winning next week's elections even if the scale of win is quite questionable.

The British pound faced its worst day since early February, and this currency slumped nearly 2 cents the previous week because survey revealed that May's lead over the opposition Labor Party had dropped from 20 points to 5 the previous month in one survey.

With London markets unavailable for a holiday, the British pound jumped 0.2% during thin morning trade in the EU, showing $1.2825 as well as 87.13 pence per euro respectively.

The evergreen buck that was also suppressed the previous week amid dropping expectations for a key boost for surge from the Trump administration, stood still, keeping to $1.1175 per euro and also 111.33 yen.

 

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