Sterling drifted lower against the dollar yesterday afternoon as polls suggested a tie in the election debate between Boris Johnson and Jeremy Corbyn. Despite this slight fall, sterling remained near six-month highs and looks stronger again this morning.
Given that Corbyn is behind in the election polls, analysts have said that the debate has reflected well on him, due to his better-than-expected performance. This caused the pound, which is still partial to a Conservative majority, to lower slightly. Opinion polls will now be watched to see if the debate has any bearing on public opinion.
Meanwhile, the Conservative Party has come under fire for rebranding one of their Twitter accounts as ‘Fact Check UK’ during the election debate on Tuesday evening. MP Dominic Raab has defended the move and Conservative Party chairman James Cleverly, who is responsible for digital campaigning, said that the nature of the site was “clear”.
Labour are due to launch their manifesto today, which is expected to include a windfall tax on oil companies.
