Sterling jumps to 2-year peak against Euro

The British pound rose against a basket of currencies today, and jumped to a 2-year high against Euro.

This came after latest opinion polls showed that the ruling Conservatives by are enjoying a strong lead by 10 points over Labour Party.

Which increased odds for the Prime Minister Boris Johnson's Conservative Party of winning the parliament majority in the British snap election on Dec.12.

Amid growing optimism that the Conservatives will win a majority of parliamentary seats to secure a Brexit deal before the end of January.

Johnson and Conservative Party want to bag the majority of parliamentary seats to secure a deal with the EU and prevent a no-deal Brexit secinaro, which is rejected by the Labour Party that sees the need to negotiate a better deal with Brussels before the exit.

As for trading, GBP/USD rose by 0.8% to 1.1825 (the highest since May 2017) as of 20:36 GMT, the pair hit an intraday high of 1.183 and a low of 1.72.