FTSE 100 turns lower as pound rebounds after fresh election poll

U.K. stocks edged lower Monday, weighed down by a gain in the pound after a fresh poll signaled a comfortable lead for the governing Conservative Party as a general election nears. A terror attack in London over the weekend has added to the uncertainty around Thursday’s election, but the Guardian/ICM poll out Monday suggested a change in government isn’t likely, giving the Tories an 11-point lead over the Labour Party. The FTSE 100 fell 0.3% to 7,527.96, while sterling traded at $1.2900, up from $1.2891 late Friday in New York. Earlier Monday, the FTSE had been edging higher, while the pound dropped.

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From:: Stock Market News

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