United Kingdom stocks post best month of the year as sterling swings

Theresa May described Jeremy Corbyn as'alone and naked and it has not gone down well

Theresa May described Jeremy Corbyn as'alone and naked and it has not gone down well

But a shock new projection in The Times newspaper forecast that the Conservatives could lose their majority in the 650-seat House of Commons.

The British pound came under pressure on Wednesday after a new poll found that British Prime Minister Theresa May's Conservative Party risks falling short of an overall majority in next month's national election.

Ed Miliband, the former Labour leader, who suffered a disastrous result in the 2015 election despite predictions of a hung Parliament, replied to the research on Twitter, saying: "The pollsters have been off my Christmas card since 2015 #justsaying". The Labour Party would gain 28 seats to reach 257.

The landslide Conservative victory May hoped to seal by calling a snap election for June 8 seemed much less likely with eight days to go, with the polls narrowing and the premier putting in a lacklustre performance in a major television interview.

Occidental Petroleum Corporation (NYSE:OXY) Continuing to Trade Below Moving Averages
The Firm supplies its services and products to help people move and store their household and commercial goods through U-Haul. Piedmont Investment Advisors LLC raised its position in shares of Occidental Petroleum by 0.9% in the first quarter.

According to a poll by Survation for ITV's Good Morning Britain, Labour is on 37%, which is up three points from a week ago and six points behind the Tories who are sitting on 43%.

The pound fell to $1.2791, near a one-month low of $1.2775 touched on Friday.

However, the poll was met with scepticism given the complexity of the methodology needed to conduct a constituency-by-constituency estimate of voting intentions.

It uses a new "constituency-by-constituency" model for polling, which the paper says allows for big variations.

President Trump poised to pull out of Paris climate deal
Twenty-two of 52 Senate Republicans urged Trump to leave the accord in a letter last week. Trump's decision this week will come after months of pressuring from competing interests.

Those moves closely tracked sterling which was knocked around by various polls that pointed to a range of possible outcomes - from a hung parliament to a solid Theresa May-led Conservative win.

But others are more sanguine.

'An argument can be made that a hung parliament which delivered or held out the prospect of a softer-Brexit coalition of the left-of-centre parties might actually be [positive for the pound],' he said.

The opposition Labour party, led by veteran socialist Jeremy Corbyn, has gradually nibbled away at the Conservative lead in the polls, with the campaign back in full swing after the Manchester terror attack.

Price Target Analysis Frontier Communications Corporation (FTR)
Due to the financial commitment that these companies make into research, these institutions aren't quick to sell off their shares. UBS Group AG restated a "buy" rating on shares of Frontier Communications Corp in a research report on Thursday, May 4th.

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