Sterling flounders but UK stock market soars

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 hung Parliament.

Applying a new model to individual constituencies, YouGov carried out 50,000 separate interviews over a week. According to the model, the Conservatives could lose 20 seats to 310 MPs and Labour could gain 28 when the election takes place on June 8. The poun…