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Pound Holds Onto World-Topping Rally as Voting in U.K. Begins


Thursday, 12 December 2019 17:39 WIB

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The pound reached the highest since March as British voters headed to the polls to decide between Conservatives hoping to deliver Brexit in January and a Labour Party promising a second referendum.

Sterling gained for a fourth day before steadying near $1.32 as markets bet on a win for Boris Johnson’s Conservative Party. The U.K. currency has been the world’s best performer in recent months, with the rally holding even as polls conducted ahead of voting suggested the race was beginning to narrow.

The pound traded steady at $1.3191 by 10:00 a.m. in London, after touching $1.3229, the highest since March 27. It also held its ground at 84.37 pence per euro.

Source : Bloomberg


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