Market update 18/11/19
GBP/EUR climbs to new 6 month high
1 minute readThe pound has started the week strongly, adding to last week’s gains on the euro and US dollar, with GBP/EUR reaching a new six month high.
This move came as the newest poll saw the Conservative Party further increase their lead over Labour and improve the chances of a Tory majority. Investors saw this as positive for the pound, and are under the assumption that a majority Conservative Parliament would be able to swiftly pass through Boris Johnson’s Brexit deal without interference. This would put an end in sight for Brexit and remove the uncertainty that has surrounded the pound these last three years.
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