London — UK Prime Minister Boris Johnson has pledged to deliver Brexit and a tax-cutting budget within 100 days of his Conservative Party winning the December 12 election — a widely predicted outcome that’s driving a rally in the pound.
With a week to go until the vote, the Tories’ lead in the polls has been narrowing, though the ruling party still looks on course to win a majority. The pound rose for a fifth day on Thursday, headed for it longest winning streak since June, as traders continue to bet on a Conservative win in the election. It gained 0.3% to $1.3146.
“This is pure fantasy: a Tory government would remain completely consumed by Brexit not just for the next 100 days, but for years to come,” the Liberal Democrats’ finance spokesperson Ed Davey said in a statement. “We must prevent Johnson getting a blank check to crash Britain out of the EU by the end of 2020.”
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