The pound continued to weaken slightly yesterday in response to the election polls showing a narrowing Conservative lead. They suggest that a Conservative majority is less likely than previously thought. Although the pound has been sensitive to the polls, it may be worth remembering that the polls can be unreliable – anything could happen in the lead up to and as a result of the election. The results of another major poll will be released this evening, which could influence the pound’s movements.
Despite the pound stumbling, Britain’s FTSE 250 index hit its highest level in 15 months on the back of a Conservative Party lead in the polls. The FTSE 100 also rose above the 7,400 mark for the first time since the beginning of November.
According to the Electoral Reform Society, more than 3.1 million people have registered to vote since the election was announced at the end of October.
This Saturday is also the final deadline for a Help to Buy ISA, before the scheme is closed – so if you’re looking to transfer money for this, make sure you do it this week. After this, you will need to claim your bonus by 1st December 2030.
