UK Elections: Fresh poll shows 18-point lead for Conservatives – GBP/USD positive

Yohay Elam FXStreet

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.

See Johnson-Corbyn debate preview: Three scenarios for GBP/USD as the election heats up

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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