Home Business NewsPound plummets on risks of a hung parliament

Pound plummets on risks of a hung parliament

by
31st May 17 9:45 am

Has May lost her majority?

The pound tumbled today following a new poll showing the risk of a hung parliament in next weekโ€™s General Election.

Sterling crashed below $1.28 in early trading against the US dollar after a YouGov research in The Times pointed that the Conservativesโ€™ majority is in danger.

Figures showed Theresa Mayโ€™s party might lose 20 of the 330 seats it holds while Labour could gain nearly 30 seats.

That means Tories may face a shortfall of 16 seats for the overall majority of 326 needed.

Earlier this year, the news of a snap election boosted the pound from less than $1.26 to above $1.29 in one day.

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