May 9, 2005
by Brian Turner
Sterling down after election
by Brian Turner
Poor UK manufacturing output figures for March plus political factors in the wake of last weeks’ general election in the UK send sterling down on Monday in relation to several currencies.
The political factor was the call from some Members of Parliament in the Labour party for Prime Minister Tony Blair’s resignation.
Sterling fell 0.3 percent in relation to the dollar, to $1.8835. It was down 0.5 percent to £0.6813 in relation to the euro as well as down 0.4 percent against the Swiss franc to SFr2.2717.
Sterling did manage to rise in relation to the yen, but only slightly, to ¥198.66.
Discuss this in the Finance Markets forums
Story link: Sterling down after election
Add to Bookmarks:
Related financial stories to: Sterling down after election
- CBI retail sales drop send sterling down
- Sterling weak while USD continues to rally
- Sterling gains on euro after new data
- Sterling falls on economic data
- Sterling up on rising inflation
- Sterling suffers low on poor retail news
- Dollar, sterling strengthen
- Sterling in slide against dollar
- Sterling stronger, US dollar mixed ahead of holiday
- Sterling in fall with consumer spending
Previous: « Battle for MCI may not yet be over
Next: Asian equities mixed »
Visited 345 times, 3 so far today
