Tue. Sep 29th, 2020

Pound hits 31-month high as Conservatives hold election lead – business live

Rolling coverage of the latest economic and financial news, as the Conservative party extends its lead over Labour to 14 points

10.38am GMT

Back to the pound…. and Adam Cole of Royal Bank of Canada points out that sterling has already largely priced in a Tory victory.

That means there might not be much of a rally if Johnson wins a majority….and quite a tumble if he doesn’t.

10.32am GMT

In another fillip for the eurozone economy, Germany has managed to grow its exports.

German exports rose by 1.2% in October, beating gloomy forecasts of a 0.7% decline.

Continue reading…Rolling coverage of the latest economic and financial news, as the Conservative party extends its lead over Labour to 14 pointsIntroduction: Sterling hits €1.19Survation poll give solid Tory leadPound hits $1.318 against US dollar – a seven-month highPolitics Live: Labour sets out plan for first 100 days in office 10.38am GMTBack to the pound…. and Adam Cole of Royal Bank of Canada points out that sterling has already largely priced in a Tory victory.That means there might not be much of a rally if Johnson wins a majority….and quite a tumble if he doesn’t. 10.32am GMTIn another fillip for the eurozone economy, Germany has managed to grow its exports.German exports rose by 1.2% in October, beating gloomy forecasts of a 0.7% decline. Continue reading…

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