Reported 11 months ago
According to Bloomberg's latest Market Live Pulse survey, a Labour victory in the upcoming UK election is seen as positive for the pound, although unlikely to fully reverse Brexit's impact. Respondents favored a Labour win in the July 4 vote for the UK currency, with hopes of stability and improved EU ties. Despite expectations for some pound gains, the survey indicates that the Brexit penalty on the pound may persist for years. Traders' trust in Labour's economic policies under Keir Starmer and concerns over Brexit uncertainties were highlighted in the survey, with expectations of benefits for UK assets in the event of a Labour victory.
Source: YAHOO