Pound Down as Corbyn Gets Closer

This morning’s YouGov/Times poll (Con 43% vs Lab 38%) has knocked the pound, which fell against all of its 16 major peers this morning. Sterling has touched $1.2858 today, a two week low. Neil Jones, head of hedge-fund sales at Mizuho Bank told Bloomberg:

“Sterling correlates well with anything that shows a Tory majority and vice versa, so if you’ve got this situation where the majority closes right down, it may come to a critical level where it may not have a sufficient number of seats in the house. The market doesn’t like that.”

City jitters…




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Theresa May tells Bercow:

“Mr Speaker-elect, can I congratulate you on your re-election. At least someone got a landslide.”

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