The Pound reached a six-month high to touch $1.3044 during early Wednesday trading. This follows the latest election poll, which points to a widening of the Conservative lead to 12 points. Many market operators now see a comfortable Conservative win as the scenario most likely to provide a quick resolution to the ongoing Brexit saga, liberating the British economy from the constraints of the last three and a half years.
Photo by Phil Shaw.
What will happen after Brexit is of course a different story, as a trade agreement will need to be negotiated between the UK and the EU. At that point there will be more downside risk for Sterling, should they fail to reach a deal in time for the December 31st, 2020 deadline.
