As the UK approaches its 2024 General Election on July 4th, many are keenly observing the potential implications this political event might have on the currency markets. Periods surrounding such a significant political event can bring about notable volatility in the financial markets.
The 2016 Brexit referendum serves as a prime example of how political events can drastically impact currency markets. Sterling experienced significant volatility before the referendum, with sharp declines against other global currencies following the result. This period highlighted the sensitivity of the currency markets to political uncertainty and significant policy shifts.
Factors that can influence currency movements during an election period
- Polling data and campaign developments
- Market sentiment and speculation
- Economic policy proposals
- Global market reactions
How we can support you through periods of volatility
At IFX Payments, we have over 18 years’ experience working with clients through periods of market uncertainty, and this year’s General Election is no exception. While it can present unique challenges, it can also provide opportunities.
We’re here to support you in the lead-up to the 2024 General Election and beyond. Click here to speak to our team and find out how we can support you.
