XE Market Analysis: Europe – May 31, 2017

Sterling took a 0.5% clobber on a UK election poll form YouGov suggesting that the support for the Tory party had fallen again, to the point that the governing party would loose its majority at the June-8 election and leave Britain with a hung parliament (with the Tories at 310 seats, down from the 330 seats it presently has and below the 326 level needed for a majority, and versus 257 seats for Labour). The poll does contrast other surveys pointing to the Conservatives wining, though will likely see sterling continue to underperform into the election.

Source: XE news feed
XE Market Analysis: Europe – May 31, 2017