Pound soars as investors ‘bet on Conservative election win’

Economist declares that 12 December vote is Boris Johnson’s to lose

CARDIFF, UNITED KINGDOM - NOVEMBER 01: A pile of UK pound coins on November 1, 2019 in Cardiff, United Kingdom. (Photo by Matthew Horwood/Getty Images)
A pile of UK pound coins
(Image credit: 2019 Matthew Horwood)

Increasing conviction that the Conservatives will win a majority in the 12 December general election has apparently caused sterling to jump to its highest level since May against the dollar and the euro.

The pound bought $1.31 on Thursday morning, while the euro rate moved above €1.18.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
William Gritten

William Gritten is a London-born, New York-based strategist and writer focusing on politics and international affairs.