Market update 04/12/19

Market update 04/12/19

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Pound climbs to 7-month high against the euro and dollar

Sterling has risen against the euro and the US dollar, reaching a 7-month high against both as the upcoming election on December 12th grows nearer. The ongoing expectation amongst investors and poll figures is that the Conservative Party will win a majority when the electorate go to the ballot. 

Investors appear to favour a majority Tory result. This is in the belief that Prime Minister Boris Johnson’s Brexit plan will be put into motion and will remove some of the uncertainty for the pound going forward.  

 

 

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