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Sterling dips after poll suggests hung parliament
http://www.bbc.com/news/business-40101566Sterling dips after poll suggests hung parliament
48 minutes ago
From the section Business
The value of the pound dropped after a projection suggested the Conservatives could fail to win an outright majority in the election on 8 June. Previous opinion polls suggested Prime Minister Theresa May's party would increase its majority, which is currently 17 seats. But the projection, published in the Times and based on YouGov research, suggests a possible hung parliament.
Sterling fell by more than 0.5% before recovering some losses. By Wednesday morning the currency was 0.36% lower against the dollar at $1.2813 and 0.35% lower against the euro at 1.1453 euros.
The Times said the YouGov data suggested that the Tories could lose up to 20 of the 330 seats they held in the last parliament, with Labour gaining nearly 30 seats. The Conservatives would still be the biggest party, but would not have an overall majority.
(snip)
