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Sterling Falls Back From Near Seven-Month Highs Reached On YouGov Poll


Friday, 29 November 2019 03:33 WIB

Poundsterling


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Sterling briefly touched near seven-month highs against the euro on Thursday on a poll predicting a comfortable election victory for the ruling Conservatives, then slipped to end the day marginally lower.

British Prime Minister Boris Johnson is on course to win a majority of 68 in parliament, according to a model from pollsters YouGov that accurately predicted former prime minister Theresa May’s loss of her majority in a 2017 election.

The opinion poll pushed sterling to its highest level against the euro since May 6 at 85 pence , though it ended the day 0.2% weaker at 85.27 pence.

Versus the greenback, the pound rose to a one-week high of $1.2953, then slipped, ending 0.2% weaker on the day to $1.2907.

Source : Reuters


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