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Saturday, December 7, 2019

British Elections - Voodoo Economics: Sterling soars against dollar as traders bet on Johnson election win

The Pound raced to a seven-month high against the dollar on Wednesday as City traders bet that Boris Johnson was on course for victory in the general election.

Sterling jumped above $1.30 to hit 1.311, its highest level since May, while the euro rate moved above €1.18 from close to parity in the ummer when the Conservative leadership contest triggered a fresh round of Brexit uncertainty.

Read more at: Sterling soars against dollar as traders bet on Johnson election win | Business | The Guardian