New poll shows possible defeat for Theresa May
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 7:30
Pickering said Berenberg would not be surprised if the outcome of the United Kingdom general election also turned out to be a surprise, even while all the polls still project that the Conservatives will be ahead in the vote.
The Pound declined overnight against all of the 16 most actively traded currencies, as election jitters resurfaced following a poll that showed the Conservative Party may miss winning a majority next week and face a hung parliament.
He wrote: "The pollsters have been off my Christmas card list since 2015 #justsaying".
Labour would get 257 seats, up from 229, the Liberal Democrats 10, up from the nine Tim Farron's party held when the election was called, the SNP 50, the Greens one and Plaid Cymru three.
The dollar fell to two-week lows against the safe-haven yen as investors turned cautious amid political worries in Europe as well as weaker stock and commodity markets after a long USA holiday weekend.
It would also cast the prime minister's future into doubt after having called the snap election to "strengthen my hand" in Brexit negotiations. The company noted that that result bucks the recent tightening trend, noting it will "be releasing another poll in the next day or two and early indications are that it will show a further narrowing of the Con-Lab gap".
Although the range of variation in the data is wide, it will still concern Theresa May's party, which on a good night could pick up 345 seats, but on a bad one plummet to 274.
Such a result on June 9 would be catastrophic for May, who called for the snap election back in April, arguing the United Kingdom needed certainty, stability and strong leadership in Brexit negotiations with the EU.
By those projections, the Tories would fall well short of the absolute majority needed to avoid a hung parliament.
The opposition led by Labour Party Leader Jeremy Corbyn, has argued that May's policy plans would create "war between generations". While YouGov's Stephen Shakespeare says the poll is "just a snapshot".
If May fails to win an overall majority, Britain would be thrust into political turmoil: May would be forced to strike a deal with another party to continue governing either as a coalition or a minority government.
Labour leader Corbyn had previously said that he would not attend the seven-way clash on Wednesday if May was absent - only to announce hours before the event that he would take part after all.