[The poll shows] that the Conservatives’ lead has narrowed to just two percentage points over the Labour Party. Experts reckon if that voting pattern were replicated on polling day – widely expected to be May 6 – Labour would win enough seats to lead a hung parliament in which neither of the main parties has a majority. [...]
“The (Sunday Times) opinion poll has given us the prospect of maintaining this Government for another few years,” said Hans-Guenter Redeker, head currency strategist at BNP Paribas. “The markets have reacted and are giving a vote of no confidence in Gordon Brown.”
Sterling is down more than a cent against the dollar to $1.5097, its lowest since May 2009.
I didn’t see Conservative leader David Cameron’s speech yesterday, but traders apparently believe feeling a ‘patriotic duty’ to oust Labour won’t be enough to do it.
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New poll predicts hung parliament – pound wobbles
by Mr Tickle on March 1, 2010
The Telegraph reckons a hung parliament is looking more likely on the back of a poll printed in yesterday’s The Sunday Times.
It says currency traders are selling the pound as a result:
Sterling is down more than a cent against the dollar to $1.5097, its lowest since May 2009.
I didn’t see Conservative leader David Cameron’s speech yesterday, but traders apparently believe feeling a ‘patriotic duty’ to oust Labour won’t be enough to do it.
Tagged as: sterling