Today in FX - 0% deposit forward FX line facility available 1.2700 £/$ 1.1735 £/Euro 1.0815 Euros /$ 1.7430 £.Cad UK Election in the Spotlight As the final trading session of the week gets underway, many global investors have their attention turned towards the UK. It's been confirmed by Rishi Sunak that a general election will take place on the 4th of July, giving both candidates around 6 weeks of campaigning time. Markets are beginning to pay close attention to this election where the incumbent prime minister is significantly behind in the polls. A shift of government, from Conservative to Labour, could have profound impacts on the economy and thus sterling. Despite some weakness yesterday, the pound has not yet seen a major reaction to the news. This is expected as the requirement for a general election was already approaching. The next phase that could see an impact on the currency market will be via the various polls that will be taken in the run up to the big day. Any clear outcome seen in the polls will begin to take effect. Today's economic calendar sees UK retail sales, German GDP, and US durable goods. Have a good weekend.
