Fri. Jan 15th, 2021

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

11.44am GMT

Labour’s shadow chancellor, John McDonnell, has denied that the pound would plunge if his party forms the next government.

My fear is that the pound will start to go up because of our investment plans.

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.

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