"Those included further wild swings in the value of the British pound, which had already been volatile in the lead-up to the 6 May general election. It fell 2.2% on the day of the vote, its worst day in over a year, illustrating how concerned traders were about the risk of a hung parliament and political instability. On the day of Mandelson's apparent tip-off to Epstein, the pound rose by more than two cents to $1.505,"
"before losing all its gains as Brown's resignation and his plan for Labour to hold coalition talks with Clegg's Liberal Democrats sent shock waves through Westminster. Sterling would gain back a cent a day later, as the Lib Dems struck a deal with the Tories, handing the keys of No 10 to the Conservative leader David Cameron."
Gordon Brown resigned as UK prime minister on a brisk Monday evening in May 2010 after a general election produced a hung parliament. Brown kept the decision to a tight inner circle; Nick Clegg was told only ten minutes before the public announcement. Jeffrey Epstein received a briefing hours earlier via an email believed to be from Peter Mandelson. The apparent tip-off coincided with volatile sterling moves: the pound fell 2.2% on election day, briefly rose to $1.505 on the day of the tip-off, fell again after the resignation announcement, then recovered as a Conservative–Liberal Democrat coalition formed. No evidence shows anyone traded on the leaks.
Read at www.theguardian.com
Unable to calculate read time
Collection
[
|
...
]