The British pound rose against all major currencies on Monday the Conservative party asserted an increasingly strong position in the upcoming general election. The latest election polls suggested that Tories would get 43% of the vote, marking a three percentage point rise compared with the previous reading. Also, Prime Minister Boris Johnson is set to assure the Confederation of British Industry that a Tory majority in Parliament would put a stop to Brexit uncertainty and make sure the withdrawal is carried out in an orderly manner, his prepared remarks revealed.
The pound advanced 0.34% against the US dollar, hitting a fresh two-week high, going for $1.29482 at 8:40 am CET, while rising 0.40% versus the Japanese yen, to sell for ¥140.9815 at the same time. Against the euro, the British currency gained 0.26%, changing hands for €1.17035 at 8:43 am CET, whereas versus the Swiss franc, it gained 0.33%, selling for 1.28142 a minute later.