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Dollar weakens, pound volatile after latest poll on U.K. election

(MarketWatch) YouGov modeling comes up with a hung parliament after next week’s ballot.

“The reason the snap election was called was so that May could consolidate her power, giving her a stronger negotiating stance with Brexit. If she can’t do that, then the U.K. may be hampered in the negotiations somewhat, which would be a near-term negative for the pound,” said John Doyle, director of markets at Monex Inc. “Because of that, having the pound regain some ground today is a bit of a head scratcher.”

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