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Risk of hung parliament drives down sterling

The pound has been hit in early trading on suggestions the UK election could result in a hung parliament

Money puzzle

Research by YouGov indicated that Prime Minister Theresa May could lose her parliamentary majority at the general election next week, causing sterling to drop 0.6 per cent against the dollar during Asian trading hours.

Shortly before 9am the pound was down 0.3 per cent against the dollar at $1.28 and down 0.3 per cent against the euro at €1.15.

The Conservatives currently have 17 seats with previous polls suggesting they would increase their majority. However the YouGov poll points towards the party losing 20 seats in the election with Labour adding 30 seats, leaving no clear majority.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. A hung Parliament – the ideal outcome. The less Government we have the better. All the present applicants are worse than second rate.

    May is the worst as she purports to be something she’s not. She is certainly no Tory. Indeed Blair was more of a Conservative then she is.

    The individualist whom she despises will it is hoped rise up and give her a lesson she will remember. Which of the candidates is pro business – none.

    The choice is between a preference for either Syphilis or Gonorrhoea.

  2. Chris De Luca 31st May 2017 at 1:14 pm

    Harry, a hung parliament is the worse outcome for the UK (and for the EU)as each side will have a babble of voices chuntering away in the background as two negotiating teams, packed with individuals looking after their own party’s or national/regional interests, try to come to an agreement. Remember how long it took for a united country like Canada agree a treaty with the EU. And I have to say that your last comment is in poor taste and most unlike you, I expect very little from politicians but surely we should observe higher standards in debates?

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