(MENAFN) The US stock market is likely to follow Europe"s lead by rallying when trading begins at 2.30pm BST (9.30am in New York).
Moreover, the British pound has shed more than 1% against the euro this morning, as traders push up the single currency.
This has taken the euro back to 85p against the pound, recovering its losses since Theresa May called a snap general election a week ago.
Paul Sirani, chief market analyst at Xtrade, suspects that sterling could fall further against the euro in the coming weeks.
MENAFN2404201700450000ID1095416315
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.