In a typical knee-jerk reaction, early London players gave GBP/USD a nudge to the downside on the open in response to another opinion poll that showed the conservatives votehad shrunk with Labour likely to hold a majority of seats in a “hung” parliament. GBP/USD dropped smartly to 1.5380ish (from 1.5420) but is now back trading around the figure. As warned last night, opinion polls are for mugs. Check out the bookmaker prices. When it comes to elections they are spot on. They still have the conservative odds on to win outright on May 6.