The US dollar held its gains early Monday, staging a moderate rebound last week, as sellers set their focus on the British pound following a disappointing UK data.
Even before the general election on May 7, the sterling was further affected by a poll indicating British manufacturing growth decelerated in April.
Sterling will still be pressured “at least until the political fog lifts,” said analysts at ANZ.
On Thursday, the British people will vote for their next leader, which is considered the tightest election in decades.
The material has been provided by InstaForex Company – www.instaforex.com