Currency Note Sterling

All about the election for sterling

By Ricky Bean May 8th, 2015

Who would have thought the opinion polls would have got it all so wrong, or did they? They did get it wrong with the number of seats each party would win but when you actually look at the number of votes cast for each party they seem to been more accurate. Just highlights the vagaries of the first past the post electoral system.

And the clarity and certainty of five more years of the Conservative Party has boosted sterling gaining nearly 4 cents against the euro, 2.5 cents against the US dollar and 3 cents against the Australian dollar. So what had been a difficult week for sterling especially, against the euro, has turned into a winning week.

The main uncertainty now is over the UK economy and whether the blip in its first quarter performance was actually a blip or something more longer term.