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Theresa May's snap election is starting to look like a disaster

Theresa May's snap election is starting to look like a disaster

Sterling hit its highest level in nearly two weeks against the dollar on Tuesday before easing slightly, still buoyed by investors' expectations of victory for the ruling Conservative Party in a general election on Thursday.

He said: "What we are also doing though is tackling this particular scourge, this threat from Islamisist nutters and scumbags, and the way to do that is to invest in counter-terrorism and we're putting 30% more, £500 million more into SIS (Secret Intelligence Service), into GCHQ, into MI5, because they are at the front line of that work". A botched release of the party's platform, a calculated front-runners campaign, and the terror attack in Manchester have contributed to a drop in May's support.

The Opinium poll made for more comfortable reading for May than another one published overnight by Survation which showed her lead over Labour had narrowed to just 1 percentage point. Meanwhile, the main opposition Labour party, led by Jeremy Corbyn, proposed increases in public spending that grabbed the attention of voters.

After the polls suggested the Conservatives and Labour were neck-and-neck in 2015, there is some justification for looking at the polls in this campaign with some skepticism.

But it has turned out to be a risky move, whatever the results: When May called this snap election seven weeks ago, the result two days out was not supposed to be this uncertain.

"There is a very sharp contrast for people on Thursday", she said. "Corbyn faces two problems: Young people historically have low turnout rates on election day, and in any case the youth vote and students are concentrated in urban areas which tend to support Labour anyway, and the UK's voting system means these additional votes won't count for anything".

Most pollsters still give the Tories a clear lead, and the general prediction is a Conservative victory - but it appears that this might not be quite the landslide that was originally expected.

"The U.K. election remains the standout event for most, with the outcome being so important for Brexit negotiations over the next couple of years", said Craig Erlam, senior market analyst at Oanda, in a note. "May has already been damaged by the campaign, which has undermined her reputation as a "safe pair of hands, '" says Follett". Mrs May's rating has dropped 10 points over the same period.

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