British Pound Brushes off Mixed Confidence for UK Election Poll
- Author: Leroy Wright Jun 01, 2017,
Jun 01, 2017, 20:34
If May fails to win an overall majority, she would be forced to strike a deal with another party to continue governing either as a coalition or a minority government.
Wednesday opened with yet another 0,5% nosedive for the Pound, as the latest poll indicates that the Conservatives may be slipping away from an outright majority in the forthcoming June 8 elections. She called the snap election in a bid to strengthen her hand in negotiations on Britain's exit from the EU.
Sterling had a choppy day, falling nearly a cent against the USA dollar on the YouGov model but then rising on a Kantar poll which showed May's lead had increased to 10 percentage points.
YouGov's model draws on the data collected from around 50,000 panellists quizzed on their voting intention over the course of a week and uses a recently-developed technique called multilevel regression and post-stratification (MRP).
But a separate survey by Kantar-TNS yesterday put the Tories on 43 points - a ten point lead over Labour. We were trading through 1.30 and looking increasingly bullish against the greenback, as President Trump lurched from one controversy to the next.
"You can only deliver Brexit if you believe in Brexit", she said from behind a lectern with the slogan "A Brexit deal for a Bright future".
May has largely avoided unscripted public appearances during the campaign. However, a Labour victory could result in a rally for the Sterling, Meggyesi argues, if Jeremy Corbyn, Tim Farron and Nicola Sturgeon were able to form a coalition government. "And only one of us has the plan to make Brexit a success". "And even if his promises are practically impossible and economically catastrophic, set against the Tories' unnecessarily defensive campaign it's small wonder he appears to be picking up support". Her interior minister Amber Rudd is due to take part in the BBC debate on her behalf on Wednesday.
The figures came in stark contrast to earlier expectations that the Conservatives would increase their majority.
At the moment, May is pushing for a "hard Brexit" where Britain severs ties completely with the European Union, including the single market.