Pound swings wildly as UK leader calls for early election – CNNMoney

Pound swings wildly as UK leader calls for early election – CNNMoney
U.K. Prime Minister May to seek early election

The pound swung wildly on Tuesday after Prime Minister Theresa May called for an early election, a political gambit that will add to uncertainty as the U.K. negotiates its exit from the European Union.

The British currency dropped by nearly 1% against the U.S. dollar ahead of May’s surprise announcement, but it reversed course and entered positive territory as she spoke. The pound continued to strengthen as investors digested the news, rising 0.8% to approach $1.27, its highest level against the dollar in 2017.

Pound swings wildly as UK leader calls for early election – CNNMoney