April 29, 2010

U.K. Debates could be Overnight Market Mover

An easing of tensions regarding Greece and a different attitude toward the possibility of a hung parliament helped drive the GBP USD higher. Although election pools are
indicating no clear winner emerging, investors are speculating that the U.K. may still be able to tackle its deficit problem without a majority. Speculators are supporting the market after building a
case that the Liberal Democrats may be able to shift the power in case of …