GBP/USD unworried about May vote
There are rumors that Theresa May could pull the plug on the Brexit vote as soon as tomorrow and extend Article 50.
My thinking is that would be good news for GBP. It would stem the flow of some capital out of the UK on fears of a no-deal Brexit.
At the same time, it would be more political clowning around. But at this point, the market's opinion of UK politicians couldn't be much lower anyway.
So cable is pushing a one-month high at the moment but there might be a bit of a rumor premium in there.
