Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

How can the UK elections affect the pound?


June, 26 2024
watermark Economic news

Before the elections in the UK, which will be held on July 4, the pound strengthened on expectations of a victory for the opposition Labour Party. However, the future of the national currency depends on the ability of the next government to convince investors of the reliability of its economic plans.


The current exchange rate of the pound has returned to the level it was at the time of the Brexit vote in 2016. This is due to the prolonged volatility caused by the unpredictable policies of the ruling Conservative Party.


The new Labour government faces a difficult task: on the one hand, it is necessary to maintain investor confidence, and on the other, to solve the economic problems left by the Conservatives.


One of these problems is the high ratio of public debt to GDP, which has reached a 63-year high, as well as a decrease in foreign direct investment during 4 of the last 5 quarters until the end of 2023. Solving these problems will require either higher taxes or increased borrowing.


The future of the pound will depend on the strength and determination of the Labour majority in stimulating economic growth. In the case of a weak and uncertain political course, the pound risks further weakening and volatility.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.