Sterling strengthened against the dollar at the end of last week on news that Brexit Party candidates stood down from over 40 seats held by the Conservative Party. This has been seen as a move to increase the chance of a Conservative majority in the upcoming election, which is positive for the pound. Recent polls also show that the Conservative Party hold a 14 point lead ahead of Labour.
Johnson has also said that every Conservative candidate has promised to back his Brexit divorce deal.
Labour revealed plans to nationalise parts of BT last week, to provide free broadband for everyone. Meanwhile, Boris Johnson repeated his intention to “get Brexit done” and said there were “big plans” for investing in flood defences.
Johnson also said in an interview on Friday that there was “no evidence” of Russian interference in UK politics. Parliament’s Intelligence Security Committee (ISC) report concerning this has been cleared on security grounds, however it will not be published by Downing Street until after the general election.
Jeremy Corbyn, Jo Swinson and Boris Johnson will make speeches at the CBI’s annual conference later in an attempt to win over business leaders.
