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…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Trevor Kavanagh’s analysis of the Brexit process…

“Thanks to Mrs May and her useless Chancellor Phil Hammond, this will not come without pain. But we escape with imagination and true British grit or we will be boiled alive.

It means on this centenary Remembrance of our struggle against tyranny, we risk ceding non-military victory in Europe to the undemocratic forces of an unaccountable totalitarian regime.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.