Will UK election affect sterling?

During the 2010 general election campaign, which resulted in a hung parliament, the pound suffered from uncertainty as Labour and the Conservatives both negotiated a coalition with the Liberal Democrats
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Value of the pound in dollars (during 2010 general election)

Apr 26-May 18: Pip* value declines 1,218, equivalent to loss of $1,218 on £10,000 transaction

May 6: Election. Labour are 68 seats short of majority, Tories are 20 seats short. Lab-Lib Dem coalition remains 11 seats short

May 11: Incumbent Prime Minister Gordon Brown (pictured) resigns and leaves Downing Street

May 13: Liberal Democrats announce coalition deal with Conservatives

1.40 1.45 1.50 1.55 1.5476

Trading days April 2010 20 21 22 23 26 27 28 29 30

May 3 4 5 6 7 10 11 12 13 14 17 18

*Pip is measure of change of 1/100th of 1% or one basis point
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Source: City Index, UK Investing

Picture: Associated Press

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