The pound has fallen after new polling data suggested the Conservatives might fail to gain an overall majority after the General Election.
Prior to the poll, it was widely expected that Prime Minister Theresa May would win a landslide majority on 8 June.
However, a new forecast from YouGov, published in the Times, suggests the Tories could lose up to 30 seats in the next election, bringing them down to just 310 seats, short of the 326 seats required for a majority.
Meanwhile, the poll predicted Jeremy Corbyn's Labour party would gain an extra 28 seats.
Sterling fell by more than half a per cent on the news, and is now down by 0.41 per cent at $1.28 against the US dollar.
Tonight's YouGov data, which will be updated daily between now and polling day, based on complex model and 7,000 sample over 7 days pic.twitter.com/MzpXXifBFX— Sam Coates Times (@SamCoatesTimes) May 30, 2017
The Labour party has been making gains in the polls in recent days despite the Tory party upping its personal attacks on Corbyn and his ability to govern.
It is thought that the Conservatives have been set back by an unpopular policy on social care, which was dubbed a "dementia tax" by May's opponents.