Emphatic Conservative exit poll victory sees Pound surge
12 December 2019

The pound has surged since exit polls released at 10 pm (12/12/19) showed Boris Johnson’s conservative party is on track for the largest majority parliament in more than thirty years. The market has responded emphatically a highly likely Tory victory meaning a Brexit deal would seem imminent, finally blowing away the clouds of political uncertainty that has plagued the pound in recent times.

Immediately after the publication of the exit polls, Sterling shot up some 2.5% to trade with the cable around the 1.35 mark, its highest level since June 2018. The pound also surged against the Euro, up near 1.21, levels not seen in a few years.

International markets, especially in the short term, are likely to continue to respond favourably with this assumed election result and may continue to push even higher and consolidate, in the wake of the official results being announced.

At approximately midnight on election night, the pound currently sits at 1.3474 up 2.09% against the USD. And 1.2045 against the Euro, up 1.62%.

Emphatic Conservative exit poll victory sees Pound surge
12 December 2019

The pound has surged since exit polls released at 10 pm (12/12/19) showed Boris Johnson’s conservative party is on track for the largest majority parliament in more than thirty years. The market has responded emphatically a highly likely Tory victory meaning a Brexit deal would seem imminent, finally blowing away the clouds of political uncertainty that has plagued the pound in recent times.

Immediately after the publication of the exit polls, Sterling shot up some 2.5% to trade with the cable around the 1.35 mark, its highest level since June 2018. The pound also surged against the Euro, up near 1.21, levels not seen in a few years.

International markets, especially in the short term, are likely to continue to respond favourably with this assumed election result and may continue to push even higher and consolidate, in the wake of the official results being announced.

At approximately midnight on election night, the pound currently sits at 1.3474 up 2.09% against the USD. And 1.2045 against the Euro, up 1.62%.

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