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Sterling Slips as Poll Shows Tory Lead Narrows After Bomb Attack

From bloomberg.com

The British pound dropped after a poll showed the Conservative party’s lead narrowed , and as investors in Asia sold the currency after the U.K.’s first-quarter economic growth missed estimates. Sterling sell stop-loss orders were triggered, with cable down as much as 0.6 percent against the dollar, said Asia-based traders who asked not to be named as they aren’t authorized to speak publicly. A Telegraph report suggesting that the Manchester suicide bomber may have distributed more explosive devices also added to selling pressure, they said. There’s a bit of a risk-off tone, with breaks of past technical levels ... (full story)

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