Tag: GBP

Sterling’s made its mind up, UK voters not quite

Sterling has appreciated 1.5% in Nominal Effective Exchange Rate terms since 26th November to a 7-month high, a notable move in a world of depressed currency volatility.

Markets have seemingly taken comfort from the (modest) widening of the gap between the ruling Conservative Party and opposition Labour party in opinion polls to about 10pp and YouGov predicting that Prime Minister Johnson would secure a material parliamentary majority at the 12th December general election.Read the rest