Wednesday, 31 May 2017

Sterling dips after poll suggests hung parliament per BBC News

Once again the BBC report that Sterling has fallen because of the chances of there not being a Conservative majority government after next week's general election.

'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.'

Oddly whilst the BBC pushed the narrative that Brexit caused the value of Sterling to fall, and that was bad for the UK, when a fall is due to fear of a Labour government or a hung parliament the blame is not so clearly apportioned.

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