Sterling dips after poll suggests hung parliament

Jun 02, 2017, 01:57

But May insisted she had the best plan for taking Britain into negotiations over its exit from the European Union, which start 11 days after the election.

Jim Messina, a polling and data adviser for the Conservative Party who worked on Barack Obama's campaign, said the YouGov numbers were stupid and that he had spent the day laughing at them. Recall that PM May's intention to call for the snap election is to cement her mandate in negotiating the Brexit terms with the EU.

The Financial Times' compilation of average of polls showing still a 9 percent victory margin for the Conservatives, though it has shrunken by nearly 50 percent since the beginning of May.

NEW poll has suggested we could end up with a hung parliament in next week's general election.

Jeremy Corbyn, her opponent in the race for Number 10, will also be campaigning on Brexit, buoyed by an opinion poll which suggested the Tory lead had been reduced to just three points.

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But a shock new projection in The Times newspaper forecast that the Conservatives could lose their majority in the 650-seat House of Commons.

If the Conservatives finish around three points ahead of Labour - say, 40% to Labour's 37% - that could be enough, if reflected across the country on polling day, for the Tories to lose their majority in parliament.

She sought to raise the spectre of a hung Parliament that could require the Labour party to stitch up an alliance with the Scottish National Party (SNP), among other smaller parties.

Sterling plunged in the wake of a YouGov poll showing that Mrs May's once commanding lead had been wiped out and the Conservatives would fall short of the required seats for an overall majority.

The pound had a wobble when it slipped below $1.28 last week and has since struggled to recover lost ground.

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Joshua Mahony, market analyst at IG, said the pound's initial weakness was in reaction to the "distinct chance that we could see the Tories fail to maintain an outright majority".

Sensing the momentum, Corbyn made a last-minute decision to attend a live television debate Wednesday with other party leaders - and challenged May to join him. Farron said later. "The prime minister is not here tonight".

The last time that Labour and the Conservatives jointly won over eighty percent of the vote in Wales was 1966.But, for the moment at least, two-party politics seems to be back. But instead the headlines have been dominated by her U-turn on the so-called "dementia tax", Jeremy Corbyn's well-honed skills on the campaign trail and awkward questions over the current funding available to the NHS and schools. There's still a big difference between winning a campaign and winning an election though.

"It's actually about getting out and about, meeting voters and hearing directly from voters".

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