Investing.com – The pound fell to a 4-day low against the U.S. dollar on Tuesday as British politicians urged "tactical voting" in Thursday's U.K. election, sparking fresh uncertainty over the result of the upcoming poll.
GBP/USD hit 1.5133 during European afternoon trade, its lowest since last Wednesday; the pair subsequently consolidated around 1.5137, shedding 0.72%. Cable was likely to find support at 1.4974, the low of March 30, and resistance at 1.5523, the high of April 15.
Earlier in the day, opinion polls showed that none of the three main parties have enough support to form a majority government, and two cabinet ministers signaled that Labour supporters should consider voting tactically to stop the Conservatives gaining power.
Sterling slipped versus the yen, meanwhile, with GBP/JPY slumping 0.66% to hit 143.19.
The pound's decline against both currencies also came after worse-than-expected data on consumer credit and mortgage lending in Britain, and amid mounting fears that Greece's debt crisis may spread to other euro zone nations in the so-called PIIGS - Portugal, Italy, Ireland and Spain.\
GBP/USD hit 1.5133 during European afternoon trade, its lowest since last Wednesday; the pair subsequently consolidated around 1.5137, shedding 0.72%. Cable was likely to find support at 1.4974, the low of March 30, and resistance at 1.5523, the high of April 15.
Earlier in the day, opinion polls showed that none of the three main parties have enough support to form a majority government, and two cabinet ministers signaled that Labour supporters should consider voting tactically to stop the Conservatives gaining power.
Sterling slipped versus the yen, meanwhile, with GBP/JPY slumping 0.66% to hit 143.19.
The pound's decline against both currencies also came after worse-than-expected data on consumer credit and mortgage lending in Britain, and amid mounting fears that Greece's debt crisis may spread to other euro zone nations in the so-called PIIGS - Portugal, Italy, Ireland and Spain.\