April 15, 2010
U.S. Dollar Finishes Mixed; British Pound Up as Election Concerns Ease
The GBP USD closed higher after a report showed the opposition Conservative Party’s lead over the Labor Party widened, easing concerns that the May 6th election will
produce a hung parliament. Traders had been pressuring the British Pound lately because of concerns that a hung parliament would result in a government too weak to tackle the U.K.’s huge budget
deficit. Gains could be limited on speculation that bullish traders will begin …
