Sterling rebounds after Labour increased lead in polls

2019-12-02 22:34:07 GMT (Economies.com)
Sterling rebounds after Labour increased lead in polls

The British pound wiped out earlier losses and inched up against the US dollar today, after the market digested the opinion polls that showed the Labour Party taking the lead ahead of Tories.

 

Some fear Labour's victory in the December 12 snap election, as it would complicate the Brexit crisis further, because of Jeremy Corbyn's party stance.

 

Whilst, if the Conservative Party led by Prime Minister Boris Johnson won the majority of parliament seats, the Brexit uncertainty could be resolved, especially after Johnson pledged to exit on January 31 with no delays.

 

As for trading, GBP/USD rose by 0.1% to 1.2948 as of 20:28 GMT, the pair hit an intraday high of 1.2949 and a low of 1.2896.

 
 
 
  Symbol Last Change Chg.%
1.1140
0.0078
0.7020%
1.3155
0.0018
0.1351%
Tadawul
8005.77
-127.95
1.57%
17.014
0.442
2.670%
58.965
-0.145
0.246%
64.08
0.36
0.56%
1482.880
23.035
1.578%
 
 
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