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Sterling Drops as Poll Shows Conservative Lead Slipping Ahead of U.K. Election


Wednesday, 11 December 2019 16:12 WIB

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The pound came under pressure early Wednesday after a fresh YouGov poll predicted a slimmer-than-expected lead for Prime Minister Boris Johnson’s Conservative Party in a General Election that’s now less than 24 hours away.

Sterling slipped 0.3% to $1.3124 from a level of $1.3155 seen late Tuesday in North American trading. The FTSE 100 was up 0.4% in early action, benefiting from a weaker pound as many multinational companies listed on the index earn the bulk of their revenue outside the country. The blue-chip index closed down 0.3% to 7,213.75 on Tuesday.

A YouGov MRP poll released late Tuesday projected that the Conservative Party would win 339 seats in Parliament, versus 231 for Labour.

Source : Marketwatch


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