Labour’s possible win may support sterling

According to the pre-election polls for the parliamentary elections in the U.K., the leader is the Labour Party.

Last week, Bloomberg spoke with experts to find out what effect the elections in the U.K. can have on business and markets. According to some experts, the possible victory of the Labour Party will support the pound sterling.

They believe that currency traders will be particularly receptive to the latter prospect, considering that sterling remains lower by 15% since before the U.K. voted to leave the EU in 2016.