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According to Reuters, the currency was up 0.3 per cent against the dollar to $1.5103 in morning trading, after research from Angus Reid indicated that the Conservative Party will secure 39 per cent of the vote and the Labour Party will take 26 per cent.
Adam Cole of RBC was quoted by the news source as saying that the value of the pound "has been driven overwhelmingly by politics recently".
It had dipped over worries no political party would take an overall majority at the election and took a further hit earlier in the week when it emerged that the UK's trade deficit had widened by more than expected.
However, it was up yesterday, boosted by a Bank of England survey revealing the public's expectations have improved with regards to inflation over the next 12 months.
Posted by Greg Secker
