GBP/USD jumped on Wednesday to intraday highs of 1.29491 following the YouGov MRP election poll which showed PM Boris Johnson and his Tories will win the December 12 snap election
The British Pound could keep climbing on hopes that â€˜Brexit paralysis’ will soon come to an end owing to the reduced odds of another hung Parliament
With Boris Johnson and the Tories expected to win 359 seats, much greater than the 211 seats estimated to be championed by Labour. UK economic outlook is turning more optimistic and likely boosting the Pound Sterling. This is under the assumption that the December 12 general election results will provide an outright majority in Parliament so MPs can finally come to a consensus on Brexit and break the longstanding impasse that has crippled the UK economy.