Shrinking Poll Lead Sends Sterling Into a Slump

The U.K. pound fell to a two-week low against the U.S. dollar Friday.
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The U.K. pound fell to a two-week low against the U.S. dollar Friday after fresh polling data showed a narrowing lead for incumbent Prime Minister Theresa May in the final weeks of the country's contentious election campaign.

In the first survey of voters released since the deadly terrorist attack in Manchester earlier this week that killed at least 22 people and injured more than 60 others at the conclusion of an Ariana Grande concert, polling expert YouGov said May's Conservative Party holds only a 5-point lead over their Labour Party rivals, lead by Jeremy Corbyn, down from 9 points last week.

This article was written by a staff member of TheStreet.