BREXIT LATEST – BRITISH POUND SKYROCKETS AFTER UK ELECTION POLL INDICATES BORIS JOHNSON & CONSERVATIVES HOLD WIDE MAJORITY OV
BREXIT LATEST – BRITISH POUND SKYROCKETS AFTER UK ELECTION POLL INDICATES BORIS JOHNSON & CONSERVATIVES HOLD WIDE MAJORITY OVER LABOUR
- GBP/USD jumped roughly 40 pips to intraday highs following the YouGov MRP election ballot which confirmed PM Boris Johnson and his Tories will win the December 12 snap election
- The British Pound may maintain climbing on hopes that ‘Brexit paralysis’ will quickly come to an finish owing to the decreased odds of one other hung Parliament
- Try this Brexit Timeline for perception on how Brexit negotiations have affected GBP costs and the broader market
The British Pound is climbing rapidly after the newest YouGov ballot revealed that UK Prime Minister Boris Johnson and his Conservative Celebration are estimated to win a 68-seat majority over their major opposition – MP Jeremy Corbyn and his Labour Celebration. The YouGov ballot sparked a pointy spike in GBP costs contemplating it was probably the most correct ballot in predicting the 2017 normal election outcomes and thus warrants better credence.
Chart of UK Basic Election Predictions (YouGov Ballot)
With Boris Johnson and the Tories anticipated to win 359 seats – a lot better than the 211 seats estimated to be championed by Labour – UK financial outlook is popping extra optimistic and certain boosting the Pound Sterling. That is underneath the idea that the…