Sterling had a positive start to the week yesterday, strengthening on the latest polling data. Polls showed that the Conservative Party had a 14-point lead ahead of Labour – a Tory majority is seen as positive for the pound because it could solve the Brexit impasse. Despite this, subsequent polls have revealed that the Conservative lead may be narrower than first predicted, causing the pound to weaken slightly this morning.
Even in the event of a Tory win, many analysts are questioning how long the pound’s upsurge will last. Many have said that whilst the Prime Minister attempts to renegotiate his exit deal before the end of January, the possibility of a no-deal Brexit could come into play once again, which may not bode well for the pound.
Boris Johnson launched the Welsh Conservatives’ manifesto yesterday, whilst the Labour Party vowed to cap rent rises for private tenants.
