# Sterling drops after poll suggests hung UK parliament

> Sterling fell more than 0.5% to $1.278 after a YouGov poll for The Times suggested the Conservatives could lose their majority at the June 8 election. The survey showed Labour gaining nearly 30 seats, though some analysts questioned its methodology.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/71248-sterling-drops-after-poll-suggests-hung-uk-parliament
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Political risk around the election is pressuring sterling and adding volatility to dollar-priced UK trade. Grain and feed prices are not directly affected.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- haberintelifi.aa.com.tr: https://haberintelifi.aa.com.tr/en/economy/sterling-drops-after-poll-suggests-hung-uk-parliament/831767

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.