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Pound sinks over 1% against Sing dollar after UK exit poll shows hung parliament

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The British pound fell sharply against the Singapore dollar and major currencies as an exit poll indicated British Prime Minister Theresa May's Conservative Party will fall short of a majority in parliament.

[SINGAPORE] The British pound fell sharply against the Singapore dollar and major currencies as an exit poll indicated British Prime Minister Theresa May's Conservative Party will fall short of a majority in parliament.

The pound was down 1.4 per cent to S$1.7643 as of 8am on Friday from its close of S$1.7892 on Thursday. This was a rough two-month since it closed at S$1.7511 on April 17, according to Bloomberg data.

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