Sterling stuck in range as politics confuse – BBH

FXStreet Team FXStreet

FXStreet (Barcelona) - With last night’s television debate proving far from being a game changer, fresh concerns have erupted as to how a majority government would be formed, notes the Brown Brothers Harriman Team.

Key Quotes

“Sterling is in a $1.46-$1.50 range. Last night's television debate does not appear to have been a game changer, according to various post-debate polls.”

“A high level of political uncertainty remains for the election a little more than a month away. The issue is not just that a coalition government is necessary, but that it is difficult to see how a majority government can be cobbled together.”

“Meanwhile, while the economy appears to be chugging along, the UK is on the cusp of deflation.”

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FXStreet Team

FXStreet

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