the pound has slipped to a five year low against the dollar amid growing uncertainty about the outcome of the general election but the pound fell to near 146 against the us dollar, its lowest level since june 2010   just after the last election when no party secured a majority different polls have variously put the tories and labour narrowly ahead, with david cameron and ed miliband both facing the prospect of having to rely on smaller parties to form a government the pound fell to near 146 against the us dollar, its lowest level since june 2010   just after the last election when no party secured a majority  experts have warned of the impact on the economy of a badly hung parliament, with neither major party able to form a stable government there are fears it could sent pound plummeting by another 10 per cent today’s fall in the value of the pound was also impacted by figures showing industrial production grew by just 01 per cent in february construction shrank by 09 per cent following a 25 per cent contraction in january it was suggested that the figures pointed to overall growth slowing to 04 per cent for the first quarter, down from 06 per cent in the last three months of 2014 that would be the weakest pace of growth since the end of 2013 labour have made gains in a series of opinion polls, enjoying leads in three and cutting the conservative lead in another the latest survey also contains good news for the liberal democrats who gain three points to draw level with ukip for the first time in more than 18 months based on the 2010 election result, david cameron needs to win another 23 more seats to secure a majority in the commons, while ed miliband needs at least  70 nick clegg is defending 56 seats, but is braced for heavy losses  comres research for itv and the daily mail suggested the race was still too tight to call with the tories on 34 per cent and labour on 33 per cent, but that compared with a four point deficit for ed miliband's opposition at the start of the campaign other polls gave labour leads of between three and six points and one suggested that for the first time voters thought ed miliband was doing a better job than david cameron the opposition gained two points on last week in the survation poll for the mirror, while the conservatives dipped one, to move ahead by 35 per cent to 31 per cent the labour leader   despite still trailing his tory rival as the best to be prime minister by 37 per cent to 25 per cent   will be delighted at their latest personal approval ratings after lagging consistently behind throughout most of his leadership a hard hitting report by blackrock, the largest fund manager in the world, said last week that ‘a soothing outcome for the markets is hard to imagine’ given labour’s anti business policies and tory plans to hold a referendum on britain’ s membership of the european union ‘labour would be tough on business – and might be perceived as lacking fiscal responsibility,’ the us giant said in the report ‘a conservatives dominated cabinet would pave the way for an unsettling referendum in 2017 on the uk’s eu membership ‘whoever wins – and the result could take some time to emerge – will lead a weak government likely to pass only watered down legislation’ blackrock, which invests in major british companies such as tesco, said weeks of horse trading to form a government would be ‘harrowing for the uk’
labour tories june 2010 another 10% us
pound near 146 against the us dollar, its lowest level since june 2010  polls suggest neither tories or labour will manage to win a majority  fears the pound could fall another 10% if a badly hung parliament 