27/11/2019 – This Morning’s Exchange Rates

  • Posted by currencies in Rate Alerts
  • November 27, 2019
  • No Comments

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

Sterling fell as much as 0.3% in early London trading after a YouGov poll showed the Conservative party’s lead over Labour narrowing to 11 points.

The poll was the third in a row to show the Conservative lead dwindling before Britain’s election on Dec. 12.

The pound may also have been weakened by reports of a surge in under-35s registering to vote before the deadline at midnight last night, since young people are less likely to support the Conservatives.

So far, the market has been relatively complacent when it comes to the risks ahead. Yes, the Tories still have the lead but they’re certainly not gaining.

Polling is not infallible. Before the 2016 Brexit referendum, the side that favoured remaining in the European Union was leading in the polls.

The focus will be increasingly on the polls now.

YouGov will release seat-by-seat predictions of the election outcome at 22.00 GMT. The multilevel regression and post-stratification model accurately predicted the 2017 hung parliament, so it will be closely watched.

Anything other than a prediction of a significant Conservative majority would be GBP-negative from current pricing.

GBP/EUR 1.1672 GBP/USD 1.2847 GBP/AED 4.7150

GBP/AUD 1.8955 GBP/CHF 1.2822 GBP/CAD 1.7054

GBP/NZD 2.0007 EUR/USD 1.0987 GBP/ZAR 18.863

Leave a Reply

Your email address will not be published. Required fields are marked *

What's Going On?

Currencies 4 You Ltd is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House Victory Way Admirals Park, Crossway, Dartford, Kent, DA2 6QD. Currencies 4 You Ltd Payment and Foreign Currency Exchange Services are provided by Currency Cloud Limited, Equals Connect Limited and Ebury Partners UK Limited. Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money. FCA registration number: 900199. Payment Services are provided by Equals Connect Limited, registered in England and Wales (registered no. 07131446). Registered Office: Vintners’ Place, 68 Upper Thames St, London, EC4V 3BJ. Equals Connect Limited are authorised by the Financial Conduct Authority to provide payment services (FRN: 671508). Currencies 4 You Ltd is partnered with Ebury Partners UK Limited as its Programme Mananger. Ebury Partners UK Limited are authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. (Reference Number 900797). Ebury Partners UK Ltd is registered with the information commissioners office with registration number: ZA345828. | Terms and Conditions | Privacy Statement | Careers