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GBP Forecast : GBP/USD TO FALL 2% ON LABOUR PARTY WINS MAJORITY - REUTERS

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GBP Forecast : GBP/USD TO FALL 2% ON LABOUR PARTY WINS MAJORITY - REUTERS

Sterling would bounce around 3% if Prime Minister Johnson's ruling Conservative Party gets a majority in parliament on Dec. 12 but will fall 2% if the opposition Labour Party wins a majority, a Reuters poll conducted between Oct. 31 and Nov. 6. found.

Key points

Median forecasts in the wider poll of almost 70 foreign exchange strategists said one pound would be worth $1.28 in a month, $1.26 at the end of January and $1.32 in a year.

Note : Prime Minister Johnson is currently ahead in opinion polls.

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