Moody's on the UK:

The uncertainty over the outcome of the forthcoming general elections in the United Kingdom is not affecting the sovereign's credit profile

BUT ...

In contrast, the rating agency notes that an increased likelihood of the UK leaving the EU could result in negative rating pressures over the medium-term

More (bolding mine):

  • Notes that all major parties are committed to further fiscal consolidation
  • Also points to the UK's strong and stable institutions, which should ensure a smooth running of government during any interim period
  • The rating agency notes that the election outcome will provide greater visibility on whether a referendum on the UK's membership in the European Union will be held. While it remains unclear whether this would indeed lead to an exit, if the likelihood of the UK leaving the EU were to increase, Moody's would analyze the impact on the UK's growth prospects. As the EU accounts for around 50% of the UK's goods and 36% of its services exports, a withdrawal from the EU could have negative implications for trade and investment, both ahead of the event and following it.

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Moody's UK comments released overnight

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Oh, and as a ps.... If you really want to know how to trade GBP, this guy, right here, is a must read!