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The British Pound started the new month on a softer footing against the Euro, Dollar and other major currencies as markets reacted to weekend polls showing the Labour Party continues to make gains and close the gap on the Conservatives.

For foreign exchange markets, a comfortable Conservative majority is seen as a best-case outcome for the UK economy in that it allows Boris Johnson to be able to swiftly deliver a Brexit deal which would put to rest years of Brexit-driven uncertainty, allowing business to start investing once more.

source: poundsterlinglive