Polls Favor Conservatives

GBP

The Pound briefly touched near seven-month highs against the euro and rose against the U.S. dollar after a poll suggested Britain’s governing Conservative Party would win a comfortable majority in the general election. Boris Johnson is on course to win a majority of 68 in parliament, according to a model from pollsters YouGov that accurately predicted former prime minister Theresa May’s loss of her majority in a 2017 election.

Hopes that a Johnson victory would end more than three years of uncertainty over Brexit have lifted the pound in recent weeks. The Conservatives could win 359 seats out of 650, up from 317 in the 2017 election and the best result for the party since Margaret Thatcher’s 1987 victory.

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