FTSE 100 rises as pound slips on fresh election poll

May appears on a joint Channel 4 and Sky News general election programme recorded at Sky studios in Osterley west London
UK PM Theresa May's Conservatives see poll lead narrow again
Author

02 June, 2017

The pound has shed only some of its nearly 4 percent gain since the election was announced, suggesting investors are keeping to their original bet on a victory for Prime Minister Theresa May and her Conservative Party.

Prime Minister Theresa May could lose control of parliament in Britain'sJune 8 election, according to a projection by polling company YouGov, raising the prospect of political turmoil just as formal Brexit talks begin. An ICM poll for the Guardian newspaper on Tuesday put the Conservatives 12 points ahead.

It comes a day after a new YouGov model predicted a hung parliament, with the Tories remaining the biggest party but falling 15 seats short of a majority.

Is U.K. Prime Minister Theresa May poised to snatch defeat from the jaws of victory at next week's elections? "We all got it wrong in 2015 and we are all trying different methods to get it right this year", said Anthony Wells, a research director at YouGov.

Stock movers: The FTSE's big multinationals that benefit from a weak pound were among the notable gainers.

Last night on the BBC One channel in the United Kingdom they held a live debate with all of the main political parties taking place, however whilst every political party fielded their leader on that debate, the Conservative leader that being Theresa May was not the one in attendance, instead it was left to the Home Secretary Amber Rudd to take the flack who was just recovering from the death of her father!

But that plan could backfire - Labour Party leader Jeremy Corbyn has been successfully focusing his campaign on domestic policy rather than Brexit.

If you're still not sure who to vote for on June 8 then take our test to help you decide.

At the Conservative Party conference in October, May said: "If you believe you're a citizen of the world, you're a citizen of nowhere".

The Prime Minister has refocused her campaign on Brexit in order to regain ground.

"A lot of people regarded Corbyn as useless and extreme and not up to running the country", he said.

The debate included Labour leader Jeremy Corbyn, Lib Dem leader Tim Farron, Plaid Cymru leader Leanne Wood and Green party co-leader Caroline Lucas and SNP deputy leader Angus Robertson.

But he changed his mind just hours before the live BBC hustings on Wednesday - and said May was treating voters with "contempt" by failing to join him.

Stourbridge Labour candidate Pete Lowe, Dudley Council's former leader, said he was feeling "more confident" than in recent weeks and added: "The reaction on the doorstep has never been more positive; people are obviously engaging with my message about having a local advocate, sticking up for the interests of Stourbridge".

"Her resolve on Brexit is not in doubt; but her ability to deliver the best deal for Britain in terms of the closest possible relationship with the European Union is worryingly unclear", it said.


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