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Pound trades near a two-week high against dollar
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Pound trades near a two-week high against dollar

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Image result for Pound trades near a two-week high against dollarThe pound traded near a two-week high against the dollar on Thursday, as the first voters took to the polls in the UK’s general election.

Pound holds above $1.29 on general election day, but overnight volatility surges to highest level since Brexit vote.

The pound remains around 13 per cent lower against the dollar since last June’s Brexit referendum but is up over 5 per cent so far in 2017.

However, the local currency eased back in mid-morning trade after data from the EU’s statistics office Eurostat showed that the UK posted the worst first quarter GDP growth in the EU.

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