One UK polls shows hung parliament - GBP/USD at support
- Author: Zachary Reyes Jun 05, 2017,
Jun 05, 2017, 6:11
Speaking about the poll, Green Party co-leader Jonathan Bartley said: 'If we learned anything from the past two years it is that you can't predict what's going to happen.
Despite the surprise prediction by YouGov, however, other polls have consistently provided May's party with a commanding lead.
But the pound proved resilient on the news, falling just 0.2% against the dollar to $1.287.
The YouGov data suggested the Conservative Party could lose up to 20 of the 330 seats it holds in the current Parliament, with Labour gaining almost 30 seats.
The pound fell to a one-month low against the US dollar Wednesday after a one of the countries biggest pollsters forecast a hung parliament in next week's United Kingdom elections.
However, with the ever changing world of politics being what it is, the odds on the Conservatives main rival that being Labour, have been shortening as the date of the election approaches, and a recent survey suggests that the Conservatives could lose their majority!
When the prime minister called the snap general election on April 18, some polls showed the government was ahead by 20 points, with the prime minister able to boast record-breaking levels of popularity.
The model is based on 50,000 interviews, which YouGov says allows them to assess the intention of every type of voter, from where they live to how they voted in the European Union referendum, their age and social background, to weight the results.
Britain's left-wing Labour party - under Jeremy Corbyn - appear to have erased the gap on the ruling right-wing Conservatives in the run-up to the election on June 8, with the latest opinion polls forcing investors to entertain the possibility of a third political shock in as many years.
Reports put the error down to factors like "shy Tories" - Conservative voters who were reluctant to explain their preferences - but the pollsters said a bigger problem was accurately forecasting who would turn up to vote on the day.
But YouGov acknowledged that models could not produce estimates as accurate as a full-scale poll in each constituency.
The Financial Times came out publicly for May, saying she was the safer bet, though The Sun newspaper, Britain's top selling paper, cautioned that May's campaign was far too defensive.
It's hardly surprising that strategists aren't in agreement, since the polls have suddenly diverged so greatly.