May 11, 2010
Formation of Coalition Government gives British Pound Boost
The GBP USD advanced after it was reported that an agreement to create a new government had been reached. Traders celebrated the news that the Conservative party and the
Liberal Democrats had formed a coalition to create a majority in the Parliament. The move by both parties helped put an end to the long-standing rule of Prime Minister Gordon Brown and the Labour
Party.
The formation of a new government …
