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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 05/Jul 09:28

Pound climbs as Labour wins UK election

The EURGBP pair is trading with mild losses near 0.8475 in the early European session on Friday. The Pound Sterling is edging higher as the Labour Party led by Keir Starmer appears to be headed for a huge majority in the 2024 UK election, Reuters reported on Friday. Later in the day, Eurozone Retail Sales for May will be released. The opposition Labour has won 337 seats in the parliamentary election, implying it now holds a majority in the 650-seat strong House of Commons. Derek Halpenny, head of FX research at MUFG Bank, believes that a Labour victory may benefit the

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