Pound hits 31-month high against the euro on Tory win predictions – business live

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10.32am GMT

Our Politics Live blog is tracking all the latest general election latest – including some interesting defections from the Brexit party today:

Related: General election: Four Brexit party MEPs abandon Farage and urge voters to back Tories instead – live news

10.03am GMT

Willem Klijnstra, currency analyst at Legal & General Investment Management, has told the Financial Times that a Johnson win next week is ‘baked in’ to the pound’s current valuation.

He says:

A Tory-led government is baked in today. The tail risk is that doesn’t happen.”

“A Tory-led government is baked in today. The tail risk is that doesn’t happen.”
On how investors are treating potential outcomes from the UK election: https://t.co/C74MeeStnP

By @Philgeorgiadis

Continue reading…Rolling coverage of the latest economic and financial newsLatest: UK car sales fell in NovemberIntroduction: Sterling is rallying todayPolls suggest Conservative win next weekFears of a disorderly Brexit are fadingComing up: Opec meeting 10.32am GMTOur Politics Live blog is tracking all the latest general election latest – including some interesting defections from the Brexit party today: Related: General election: Four Brexit party MEPs abandon Farage and urge voters to back Tories instead – live news 10.03am GMTWillem Klijnstra, currency analyst at Legal & General Investment Management, has told the Financial Times that a Johnson win next week is ‘baked in’ to the pound’s current valuation.He says:A Tory-led government is baked in today. The tail risk is that doesn’t happen.”“A Tory-led government is baked in today. The tail risk is that doesn’t happen.”On how investors are treating potential outcomes from the UK election: https://t.co/C74MeeStnPBy @Philgeorgiadis Continue reading…

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