British Pound edging higher for the second consecutive day.

  • Dec 10, 2019 GMT
  • Team Kalkine

Amid increasing expectation that the Conservatives will win a majority in Parliament during the general election on December 12, 2019, British currency edged higher for the second straight day and was up by 0.13% to 1.3170 against the US Dollar. Opinion polls show the PM Johnson-led Conservatives ahead of the opposition Labour party headed by Jeremy Corbyn. Majority of opinion polls showing a lead higher than the 7 %, which political experts saying is adequate for getting majority at the House of Commons.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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