Brown Calls May 6 Election; Pound Falls
The pound weakened 1 percent against the dollar this morning…
Which might be due to uncertainty over the potential result…or it might not be. A 1% movement over predictable news hmmm. In the grand scheme of things…
The pound has fallen 24 percent against the dollar since Brown took office almost three years ago, more Britons dropped out of the labor market in the three months to January than at any time since records began in 1971, unions have stepped up strikes and we have just endured Britain’s longest recession on record.
But the potential election result is totally unpredictable as Cameron fails to convince.
Despite the record, Brown has managed to close a gap in the opinion polls which showed Labour trailing the Conservatives by as much as 28 percentage points back in September 2008.
So it’s all to play for. This will be the most exciting election for over a decade.
If elections excite you.









