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Election Announcement Has Taken Pound by Surprise!

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Investors have been already worried about the Europe’s Stock Market Indices with the political uncertainty in the region and that slid further on the UK election announcement.

Global market strategist at JP Morgan Asset Management David Stubbs has asserted that if it is looked on the bright side, there might be more stable government for the UK.

Mining and energy sector had been big losers due to lower metals and crude-oil prices even before May’s announcement.

Source: Euronews

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