Further Brexit Party Withdrawals

GBP

The pound received another boost at the end of week as the Brexit Party stood down another 43 seats, a move that has been seen as helpful in allowing the Conservative Party to gain a majority in upcoming UK elections. Sterling has appreciated off the back of this as the chances have increased that UK will be leaving with a deal thanks to a Conservative majority.

The Brexit Party had already announced withdrawals earlier in the week, but there was still concerns about their presence in marginal seats where the Conservatives finished second in 2017. A poll conducted earlier in the week showed that the Conservatives were up at 43%, with the Labour party behind with 30%.

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