Sterling trends close to multi-month highs
The pound continues trading in the region of multi-month highs as the UK election creeps ever closer.
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The pound continues trading in the region of multi-month highs as the UK election creeps ever closer.
The pound continued to firm on Thursday, as rising bets for a Conservative majority lent the currency further support.
The pound was catapulted to new multi-month highs on Wednesday amid growing expectations the Conservatives will win a landslide victory next week.
The pound roared back to life yesterday on the back of polling data suggesting the Conservatives are pulling ahead of Labour once more.
The pound got off to a poor start this week, undermined by ongoing political uncertainty and a gloomy manufacturing PMI.
The pound roared higher in the mid-week, after a key poll suggested the Conservatives will win a majority in the upcoming election.
The pound fell on Tuesday, relinquishing some of Monday’s gains amid rising fears the upcoming election could result in a hung parliament.
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