UK election: Conservatives' lead over Labour narrows to 11 points - Kantar poll

Dhwani Mehta FXStreet

The latest UK election opinion polls conducted bby Kantar showed on Tuesday that the Prime Minister (PM) Boris Johnson’s Conservative (Tory) Party’s lead over the opposition Labour Party narrows by 7 points over the last week.

Key Findings

“Conservatives’ opinion poll lead to 11 points from 18 over the last week.

Support for Prime Minister Boris Johnson’s Conservatives fell 2 points to 43%, while Labour was up 5 points on 32%. The pro-European Union Liberal Democrats were down 2 points on 14%, while the Brexit Party was up 1 point on 3%.

Kantar surveyed 1,097 people online between Nov. 21 and 25.”

The tightening race between the Conservatives and the opposition Labour appears to bode ill for the pound, knocking-off GBP/USD to fresh session lows of 1.2867. At the press time, the price is a few pips off the lows, but remains -0.17% near 1.2880.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

GBP/USD recovers to 1.3450 region, looks to post weekly gains

EUR/USD stays below 1.1450 after US data

Gold rebounds from July lows, struggles to reclaim $4,000

CLARITY Act approval odds sink fast ahead of Congressional hearing

The United States (US) House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence (AI) is holding a hearing titled “Building the Future of Finance: How the CLARITY Act Unlocks Innovation” on Friday.

Week ahead – Could technology earnings revive equities as geopolitical risks linger?

Oil prices rise, but the dollar posts losses as Middle East tensions persist. US earnings, the ECB and UK newsflow dominate next week’s agenda. US equity markets face a pivotal test as focus shifts to technology earnings.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.