Into Election Week we go. For many, including the British electorate, there will the hope for an end to the Brexit saga.
Live televised debates and Q&A sessions may have ultimately gone in favor of the Opposition Party. But, the lead and the reality of Brexit looks to have given the Tories the lead with just 5-days remaining.
Market confidence going into the weekend remained, in spite of a pullback in the Pound against the Greenback. The pullback was data-driven rather than election sentiment-driven, or so it seemed.
We had seen the Pound hit choppy waters ahead of key live televised debates and last Friday was no exception.
With the U.S President on his way back to the U.S, there was little interference to trouble the markets.
So, as things stand…
The Opinion Polls
After a narrowing in support for the Tories, the Pound’s rise to 7-month highs was vindicated if the polls are anything to go by.
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With the Lib Dems continuing to struggle, the odds of a hung parliament moved from 5/2 to 11/4. This came off the back of a widening from 2/1 to 5/2 mid-week.
In spite of the uncertainty of Election Day, the Bookies are going for an all-out Tory win…
The opinion polls and the bookmakers continue to have the Tories as the likely victors in next Thursday’s election.
article was originally posted on FX Empire’ data-reactid=”92″>This article was originally posted on FX Empire
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