United Kingdom general election
The United Kingdom snap general election will take place on June 8, 3 years before the officially planned date. Calling for an early general election, UK Prime Minister Theresa May sought a stronger mandate as she negotiates Britain’s exit from the EU. Opinion polls show that May’s Conservative Party has a good lead over the rival Labour Party.
If there are no surprises and the Prime Minister strengthens her position, the sterling will gain. At the same time, events like this are always associated with uncertainty. If May gets less support than expected, the pound will get hurt.
The actual outcome will be announced on June 9. We expect to see strong moves in the pairs containing GBP ahead of the election and afterward.