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TV Debate Signals Stalemate in Election, Driving Pound Down

April 16, 2010 at 12:02 by Vladimir Vyun

Great Britain poundThe Great Britain’s pound rally against the U.S. dollar halted and its gains versus the euro snapped today as the concern that the forthcoming parliamentary election will result in the stalemate renewed with the greater strength after campaign’s first televised debates.

As the election is drawing near the concern about strength of the government becomes more and more prominent, because the government certainly needs to be strong to fight the nation’s record budget shortage. And the prospect for the strong government is very uncertain as was showed by the survey after the TV debate between the Prime Minister Gordon Brown, the Conservative David Cameron and the Liberal Democrat Nick Clegg.

GBP/USD traded today at about 1.5449 as of 10:02 GMT down from the opening rate of 1.5494. EUR/GBP traded near 0.8765 after opening at 0.8757

If you have any questions, comments, or opinions regarding the Great Britain Pound, feel free to post them using the commentary form below.

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