Market Overview

8 May 2015 16:37

Konstantin Meinhardt

The parliamentary election in the U.K. is over. The Conservatives won the UK's parliamentary election. The Conservative Party with the current Premier Minister David Cameron won 330 seats. It is enough to have a majority in the parliament. The win of the Conservatives could mean a stability for the pound. But the prospects of a referendum on Britain's membership in the European Union (Cameron's election campaign promise) could weigh on the pound. The pound declined today after yesterday's increase. The decline was partly driven by the release of the mixed U.S. labour market data. The U.S.

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