Pound Weakens as London Terror Attacks Heighten Election Stakes
- Crucial week ahead for sterling as focus shifts to June 8 vote
- ‘We are still cautious on pound,’ ANZ’s Daniel Been says
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The pound fell in Asian trading after a weekend terror attack in London killed seven people, days before the nation votes in a snap election.
Sterling declined as much as 0.3 percent against the dollar. Leveraged clients are waiting the results of new polls taken after the incident, according to a trader who asked not to be identified as he isn’t authorized to speak publicly. The third attack in the U.K. in less than three months comes before the June 8 vote, which will be held as armed police patrol the streets in the greatest show of force for decades.