Today’s publication of Yougov’s latest polls project that Theresa May will lose her overall majority with just 310 lawmakers in a hung parliament, down from 330. This publication spooked markets, pushing the pound lower. While the UK polls have a strong history of getting it wrong, the election race does appear to have tightened after May’s U-turn on social care and Corbyn’s manifesto has struck a chord. This means a large conservative majority is far from the likely outcome as previously considered. This election could go down to the wire and if it does, the pound will feel the effects.
