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.

GBP/USD is currently trading largely unchanged on the day at 1.2849

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.

Prime Minister Johnson is currently ahead in opinion polls.