You are here: Home » Reuters » News
Business Standard

Sterling hits highest since December after PM calls for early election

Reuters  |  LONDON 

By Jemima KellyLONDON (Reuters) - Sterling jumped as much as 1.6 percent against the dollar on Tuesday to hit its highest levels since mid-December, after British Prime Minister Theresa May surprised markets by calling for an early parliamentary election in June. Standing outside her Downing Street office, May said she had decided "with reluctance" that an election was needed to secure political unity and stability as Britain negotiates its way out of the European Union.Sterling jumped as high as $1.2772, its strongest since Dec. 14 and just shy of its highest in six months, as investors ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, April 19 2017. 00:47 IST