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Economists expect a bigger Conservative majority to strengthen or stabilize sterling after the snap election was called. The pound rose about 1% on the announcement day, reaching almost 1.20 per euro and $1.28.
A firmer pound would limit import cost increases for UK households and feed buyers, and it would hold back inflation in imported goods.
telegraph.co.ukTim WallaceApr 22, 2017Not enough comparable past events yet for a historical read.
After 533 past bearish macro events, EURUSD moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
