The British pound has reached a 31-month high against the euro on Monday morning, touching €1.19 for the first time since May 2017 – just before the Tory’s lost their majority in a snap election.
With just three days until the general election, London appears to be increasingly confident that Boris Johnson will retain his position as PM while gaining a healthy working majority in the House of Commons.
Opinion polls have mitigated fears of a hung Parliament as well as lifted the pound against the euro.
Sterling also appears to be rallying against the US dollar, up 0.25 per cent to $1.318, according to the Guardian. This translates into a seven-month high.
Shifts in fears of a hung Parliament and a surge in the pound took place after pollsters Survation gave the Conservatives a 14-point lead over Labour, at 45 per cent of the vote vs 31 per cent.
Should polls turn out to be correct, this would guarantee a Conservative majority, making Boris Johnson’s Brexit bill being passed through the Commons by January 31st more likely.