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Why the snap UK election is a ‘game changer’ for the pound

Sterling surges to three-month high on Brexit hopes

Why the snap UK election is a ‘game changer’ for the pound

First the pound was up, then it slumped, and finally it soared to a more than 10-week high: The British currency has been on a nerve-wracking roller-coaster ride since UK, MarketWatch reports, and now Prime Minister Theresa May said she wants to hold a general election in June.

Yesterday's “announcement from PM May of a snap general election on the 8th June is in our view a game-changer for both the UK’s Brexit negotiations and sterling,” strategists at Deutsche Bank said in a note.

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