Westpac: UK election results blow sterling cap

The pound regained its lustre on the news UK prime minister Boris Johnson secured a majority

UK finance
Sterling's upward march is expected to continue

CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)

As sterling surged in the wake of the UK parliamentary election in which Boris Johnson secured a workable majority, Westpac’s bullishness on the pound proved correct.

While the bank’s senior currency strategist Sean Callow says that Johnson’s victory was largely priced in going into the vote, the pound nevertheless rallied 3% in the first hour of trading in the Asian session on December 13, climbing to 1.35 from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: