UK Labour Party Spox: Labour would not consider a coalition deal

The UK’s Labour Party’s shadow finance ministry spokesman, John McDonnell, crossed the wires now, speaking to BBC Radio.

Key Headlines via Reuters:

Labour would not consider a coalition deal

Expects his party to put themselves forward to form a minority government

May now a lame duck

GBP/USD next support is at 1.2615 – UOB

FX Strategists at UOB Group noted Cable should remain under pressure on UK politics, while the next relevant support emerges at 1.2615. Key Quotes “
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GBP: Worst-case outcome adds to Brexit risk premium – Danske Bank

The UK election outcome looks close to the worst possible for sterling – if any winner, it may be regarded the EU according to the analysts at Danske
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