
Election Polls Hit Sterling
New opinion polls had mixed messages for Britain's main parties, but both suggested Britain might be heading for a hung parliament in an election just weeks away. The ComRes poll in the Independent newspaper had the Conservative Party's lead at 5 points, down two from last month's poll, meaning ruling Labour could remain the largest party in parliament after the vote. But a separate YouGov poll in the Sun tabloid, which backs the Conservatives, had the party's lead extended to 7 points. ComRes put the Conservatives on 37 percent, Labour 32 and Britain's third-biggest party, the Liberal Democrats, on 19. If replicated in a general election, that has to be held before early June, Labour would have 17 more seats than the Conservatives. The speculation left sterling suffering, which fell to 1.1050 against the Euro and 1.4950 against the USD.
