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Sterling flounders but UK stock market soars

Upcoming polls cause pound to fall 1 cent to US$1.277 but FTSE 100 trades up

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Analysts say that investors believe that voters will reject the extreme-left high corporate and individual taxation policies of Labour leader Jeremy Corbyn (above). Market bulls also say that voters are more confident about Mrs May's security policies than those of Mr Corbyn's.

London

STERLING is suffering from poll jitters, but the stock market is ignoring political uncertainty and has surged to new heights.

The pound fell one cent to a five week low of US$1.277, or 2 per cent below its April high after the pollster YouGov predicted the possibility of a

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