The pound will drop to $1.20 if election delivers hung parliament: deVere

The British pound will fall to 1.20 against the US dollar if the UK election delivers a hung parliament, the CEO of one of the world's largest independent financial advisory organisations has predicted. The prediction from Nigel Green, the founder and chief executive of deVere Group, comes following new polling that indicates that Jeremy Corbyn's Labour is closing the gap on Boris Johnson's Conservatives in next week's general election. Kantar demonstrated an increase of 5% for Labour, while Ipsos MORI flagged a gain of 4%, with the influential YouGov polls showing an increase of 2%. ...