Market news
19.11.2019, 15:33

UK: Another poll shows Conservatives with a commanding lead – GBP/USD positive

An opinion poll conducted by Kantar has shown that Prime Minister Boris Johnson's Conservatives have enlarged their lead to 18 points against Labour. The ruling party receives 45%  a leap of 8 points from the firm's previous poll, while Jeremy Corbyn's party holds its ground at 27%.

Nigel Farage's Brexit Party has collapsed to only 2% against 9% in Kantar's previous market research. The right-wing outfit has pulled out candidates from most constituencies, to help the Conservative Party. 

Investors prefer the certainty of Johnson's Brexit deal and the Tories' more market-friendly polices against the uncertainty of a hung parliament and renegotiation of the Brexit deal. The news is positive for the pound. Sterling traders are awaiting a debate between the leaders later today. 

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