UK Elections & Exchange Rates

28 July, 2011


Anyone needing to transfer money overseas is encouraged to contact their currency company in advance of this Thursday’s European and local UK elections.

Historically, confidence in a country has been eroded by landslide defeats for incumbent parties – so international markets (and sterling) may not react well to any Labour wipeout this week.

The Pound is relatively strong at the moment but is still sensitive to negative news.