Market update 28/11/19

Market update 28/11/19

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GBP/EUR climbs to new 6-month high as poll predicts Tory majority

The pound has climbed to a new 6-month high against the euro on the release of fresh polls predicting a commanding win for the Conservative Party in the December 12th General Election. 

The new YouGov poll predicts a majority of 68 seats won in Parliament for the Tories, which would enable Prime Minister Boris Johnson to pass through his Brexit deal. This is likely to remove much of the uncertainty that has plagued the previous minority government, providing more clarity on the future of Brexit, something investors see as positive for the pound. 

 

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