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Currencies: Pound falls again after pollster predicts May will lose majority in election

The British pound came under fresh pressure on Wednesday, after a projection from a polling company indicated U.K. Prime Minister Theresa May’s Conservative Party could lose its parliamentary majority in the June 8 general election.

Just one week before voters go to the polls, YouGov research for The Times showed the Conservatives might lose 20 seats in parliament, with Labour gaining 28 seats. May’s party needs 326 to govern, therefore the loss of those seats would mean a hung parliament.

Shock YouGov election projection points to hung parliament with Conservatives losing 20 seats https://t.co/Cs7i05Tacgpic.twitter.com/6FPmxVLmhR

— The Times of London (@thetimes) May 30, 2017

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