GBPNZD
1.8128
-1.62%
GBPJPY
142.54
-1.51%
GBPCAD
1.7226
-1.30%
GBPUSD
1.2809
-1.03%
EURNZD
1.5814
-0.92%
GBPAUD
1.7209
-0.87%

The free fall in the Pound is seen as a result of heightened uncertainty over the election in June. Latest YouGov poll published late on Thursday showed that 43% voters plan to vote for Prime Minister Theresa May's Conservative Party. That compares to the support for Labour Party at 38%. That is, just a mere 5% lead. Back in April when May announced the snap election, it's believed that the Conservative would have a landslide victory due to the over 20 point lead. A less than strong victory will weaken May's stance in Brexit negotiation with EU.

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