Barriers at 1.5000 have been triggered with cable dipping as low as 1.4994.
UK election results will likely be slow in coming as there are 650 individual races to be decided. May results are not expected until tomorrow morning, UK time, so firm results will be delayed until at least that long unless there is a late shift in sentiment.
My advice is to trade sterling on the crosses to express a view on the pound based on election results, if that is your preference, especially if buying the pound. If you want to be short the pound, cable is a turbo charged way to play, given the carnage in Europe.
Politically, my guess is that the election will break for the Tories. Labour is being kicked to the curb and the LibDems are not ready for prime time. Cameron and Co. are the least putrid choice, from what I can see.
