That is according to to the first poll after the event. It used to be that we would wait for some senior analyst to give his/her verdict on the effect this will have on election night but times have changed. Now we all log in to our online betting accounts and see if the odds have changed on a hung parliament. Then we have a punt on the cable.
This result will be seen by the market as being positive for the GBP. EUR/GBP is back towards the important .8590/.8600 area but I won’t be buying it this time in the hope that the bids hold it up. It’s already managed to hold on two previous occasions but it’s 3rd time unlucky for me. I think the big stops below 90 will get triggered sometime later tonight.
