Sterling Recovers Ground, Focus on Polls After Conservative Lead Narrows
Wednesday, 27 November 2019 23:46 WIB | CURRENCIES |PoundsterlingSterling,
Sterling was a touch firmer on Wednesday, recovering from early losses following the third poll in a row that showed a narrowing lead for the governing Conservative Party before Britain™s Dec. 12 election.
The pound initially fell as much as 0.3% in early London trading after YouGov data released on Tuesday showed the Conservatives™ lead over the opposition Labour Party tightening to 11 points.
Sterling may also have been weakened by reports of a surge in under-35s registering to vote before a Tuesday midnight deadline, since young people are perceived as less likely to support the Conservatives.
Having fallen as much as 0.3% to a low of $1.2827 in early London trading, sterling recovered over the course of the day.
In late trade it was 0.1% firmer at $1.2874 and was a quarter of a percent stronger versus the euro at 85.42 pence.
Source : Reuters
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