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UK election uncertainty leads to sterling falls

Monday 29 March 2010 - by Chris Jackson

The prospect of a hung parliament in the UK has led to the pound dropping against the dollar in recent weeks as gilt markets remain concerned about the ability of a minority government to make the necessary cuts to the UK fiscal deficit.

After enjoying a largely healthy lead in the polls since the onset of the credit crunch, UK Conservative party leader David Cameron is struggling to seal the deal with UK voters.

A recent poll by ComRes shows that the Conservative lead over Gordon Brown's Labour has dropped from seven to five points in the past month.

This could lead to Labour having 17 more seats than the Conservatives in a hung parliament on 6 May, when the UK General Election is widely expected to be held.



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