BREXIT LATEST – GBP PRICES EDGE LOWER AS YOUGOV POLL PROJECTS CONSERVATIVE MAJORITY OVER LABOR WANES AHEAD OF UK GENERAL ELECTION
BREXIT LATEST – GBP PRICES EDGE LOWER AS YOUGOV POLL PROJECTS CONSERVATIVE MAJORITY OVER LABOR WANES AHEAD OF UK GENERAL ELECTION THIS WEEK
- The British Pound is coming beneath strain owing to an increase within the likelihood of one other hung Parliament after the newest YouGov ballot is predicting 20 fewer seats for Conservatives
- GBP costs dropped to session lows instantly following the UK election ballot outcomes with the danger of additional Brexit paralysis resurfacing
- Try this Brexit Timeline for an outline of how Brexit negotiations have affected the British Pound and broader monetary markets
GBP/USD has plunged practically 100-pips from intraday highs and spot costs are nonetheless edging decrease in response to the newest YouGov ballot which revealed that PM Boris Johnson’s Conservative Celebration majority over its main opposition – Jeremy Corbyn’s Labour Celebration – fell by 20 seats in comparison with the earlier YouGov poll.
CHART OF UK GENERAL ELECTION PREDICTIONS (YOUGOV POLL)
Tories at the moment are predicted to champion 339 seats whereas Labour MPs are estimated to chair 231 seats. This compares to the prior projection of 359 seats and 211 seats respectively. The prospect of one other hung Parliament again on the rise as the newest MRP estimate for the December 12 UK normal election outcomes famous a drop within the anticipated…