Pound Jumps as Exit Poll Points to Strong Conservative Majority

//Pound Jumps as Exit Poll Points to Strong Conservative Majority

The pound rallied to its highest level since June 2018 as an exit poll indicated Boris Johnson’s Conservative Party will secure a strong majority in the U.K. election, raising hopes of an end to the Brexit deadlock. Sterling jumped 2.2% to $1.3450. It also strengthened by 2% to 82.90 pence per euro, the highest since 2016 and the immediate aftermath of the EU referendum. The gains came as the survey undertaken by the BBC and other broadcasters said the party was on course to win 368 seats in the House of Commons, a majority of 86. That compares with the 28 seat majority projected by the YouGov opinion poll … (full story)

2019-12-13T11:10:40+00:00