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UK's Pound Jumps Following Poll Predictions

Credit: Wochit News
Published on December 13, 2019 - Duration: 00:38s

UK's Pound Jumps Following Poll Predictions

The pound grew after an exit poll by British broadcasters predicted Johnson would win the UK election.

Sterling shot up 2.4% to $1.348 at 6:20 p.m.

ET, its highest level since May 2018.

It also rose nearly 2% against the euro as well, according to reports at CNN.

The currency had been rising steadily in recent weeks as traders bet on a Johnson win.

A solid majority in parliament would allow Johnson to propel the country out of the EU by January 31st.

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