Mon. Sep 28th, 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

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.

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 11.44am GMTLabour’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 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. Continue reading…

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