TRENDING:

XAU/USD

Silver

Three UK Election Projections, Raw Numbers and Seat by Seat

Mike “Mish” Shedlock's Sitka Pacific Capital Management,Llc

YouGov projects a Conservative majority of 68, Electoral Calculus 34, and a model of ComRes data yields 48.

Electoral Calculus has a nice User-Defined Election Projection Tool. For the above chart, I used the Electoral Calculus current model.

Electoral Calculus Seat Change Projections

Labour does not pick up any seats in the Electoral Calculus model. It projects a 34 seat Tory majority.

Note that Electoral Calculus projects Dominic Raab will lose his seat to the Liberal Democrats.

ComRes Projection

ComRes does not offer any projections but it does have region-by-region totals that I used to feed Electoral Calculus.

Electoral Calculus Projection From ComRes Data

Electoral Calculus Seat Change Projection From ComRes Data

This model projects Labour will pick up one seat from Plaid Cymru while losing 40 seats elsewhere.

This model also shows Tories doing better in Scotland than most believe. I suspect that will be the actual case based on falling poll numbers of SNP.

YouGov Analysis

The YouGov Election Centre updates its model periodically. It provides a seat-by-set CSV-file download which I took then added some cross-check calculations.

It is not easy to see on the raw YouGov CSV file which party won. I added a set of columns to show which party won each seat.

You can download my summation of their data from my Google Drive UK Seat by Seat Projection File.

There were 8 ties. I cannot tell from the CSV file which party won the ties other than Tories 2, Labour 4, and Liberal Democrats 2.

Results

YouGov Nov 19-26: Tory 68 Seat Majority
Electoral Calculus Nov 26-30: Tory 32 Seat Majority
ComRes Data Modeled by Electoral Calculus Nov 27-28: Tory 48 Seat Majority
Average: 49

I believe the average is about right.

Author

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

EUR/USD flirts with daily highs, retargets 1.1900

EUR/USD regains upside traction, returning to the 1.1880 zone and refocusing its attention to the key 1.1900 barrier. The pair’s slight gains comes against the backdrop of a humble decline in the US Dollar as investors continue to assess the latest US CPI readings and the potential Fed’s rate path.

GBP/USD remains well bid around 1.3650

GBP/USD maintains its upside momentum in place, hovering around daily highs near 1.3650 and setting aside part of the recent three-day drop. Cable’s improved sentiment comes on the back of the Greenback’s irresolute price action, while recent hawkish comments from the BoE’s Pill also collaborate with the uptick.

Gold clings to gains just above $5,000/oz

Gold is reclaiming part of the ground lost on Wednesday’s marked decline, as bargain-hunters keep piling up and lifting prices past the key $5,000 per troy ounce. The precious metal’s move higher is also underpinned by the slight pullback in the US Dollar and declining US Treasury yields across the curve.

Crypto Today: Bitcoin, Ethereum, XRP in choppy price action, weighed down by falling institutional interest

Bitcoin's upside remains largely constrained amid weak technicals and declining institutional interest. Ethereum trades sideways above $1,900 support with the upside capped below $2,000 amid ETF outflows.

Week ahead – Data blitz, Fed Minutes and RBNZ decision in the spotlight

US GDP and PCE inflation are main highlights, plus the Fed minutes. UK and Japan have busy calendars too with focus on CPI. Flash PMIs for February will also be doing the rounds. RBNZ meets, is unlikely to follow RBA’s hawkish path.

Ripple Price Forecast: XRP potential bottom could be in sight

Ripple edges up above the intraday low of $1.35 at the time of writing on Friday amid mixed price actions across the crypto market. The remittance token failed to hold support at $1.40 the previous day, reflecting risk-off sentiment amid a decline in retail and institutional sentiment.