The latest election polls from the UK in The Times suggest that the Conservatives will have difficulty in winning a clear overall majority. The GBP market has become quite sensitive to suggestions of a hung parliament.
2 Responses to “Latest UK polls undermining sterling”
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AUTOREFRESH 
Don’t know if anyones seen this:WSJ reporting that Moody’s may downgrade bonds of some UK banks after the gov’t winds down its financial-sector bailout programs
Depends when/if this happens, but the move down for sterling pairs could be strong and last days. Hard to say where GBPJPY will be @ the time, but a revisit of 132, possibly 129/125 could be here early 2Q or heck, sooner.