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    Pound Drops on News of Conservatives Falling Short of Majority in UK Election

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    UK General Election 2017 (130)
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    The British pound tumbled on news of a major downfall in projected seats for Prime Minister Theresa May’s Conservative party, local media said Thursday.

    MOSCOW (Sputnik) — The British national currency has dropped in its value against the US dollar on news of a major downfall in projected seats for Prime Minister Theresa May’s Conservative party, according to the reports.

    The pound lost roughly 1.5 cents to trade at $1.2792 against the dollar, the BBC broadcaster said. It was trading between $1.28 and $1.30 in the past few weeks.

    An early exit poll by Ipsos MORI/GfK for Sky News, BBC and ITV News put the Tories at 314 seats in the Commons, down from 330 seats and short of 12 seats needed for a working majority.

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    UK General Election 2017 (130)

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