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Sterling has risen on the currency exchange markets this morning (April 15th) following a change in a political opinion poll.

An opinion poll conducted for the Sun by YouGov has put the Conservatives in a nine-point lead, the highest gap since the general election campaign began.

Following this, sterling rose against the euro on the currency exchange markets as confidence was at least temporarily renewed in the UK's economy.

Paul Robson, currency strategist at RBS, told Reuters: "This is the first opinion poll that hints quite strongly that a hung parliament might not be the most likely outcome and we might get one party winning an overall majority."

Sterling hit €1.13 at 11:00 BST this morning following the polling.

The pound has been held down against the other major currencies over recent weeks due to concerns that a hung parliament result in the forthcoming general election would lead to difficulties as the UK economy continues to recover from the recent recession.

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Posted by Chris Barber