Sterling will go into the first quarter of 2020 with some upside potential, according to currency experts, after a landslide U.K. election victory for Prime Minister Boris Johnson's Conservative Party.
The pound jumped more than 2% as the likely scale of the victory became apparent, after an initial exit poll projected a mammoth 86-seat Conservative majority, with cable eventually topping out at $1.3515.
Prime Minister Boris Johnson and his partner Carrie Symonds enter Downing Street as the Conservatives celebrate a sweeping election victory on December 13, 2019 in London, England.will go into the first quarter of 2020 with some upside potential, according to currency experts, after a landslide U.K. election victory for Prime Minister Boris Johnson's Conservative Party.
Markets received a boost from the short-term certainty offered by Johnson being granted license to push his Brexit agreement through Parliament before the January 31 deadline.
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