The understandable relief rallies are still being sold into as the votes continue to be counted
GBPUSD 1.5423 EURGBP 0.7290 GBPJPY 184.68*
Good demand for the pound still but now trading in tight ranges as we wait on further results
Not looking for too much now for 3-4 hours but worth noting that even if that surprise exit poll proves to be correct the Tories will still need to find some extra support to achieve a workable majority. That figure is 323 if Sinn Fein continue not to take their seats in parliament and 326 if they do
The DUP still appear to be the potential king-makers here as per my earlier post but I will repeat that whatever happens the UK's current fragile recovery is still the focus in the bigger picture once the knee-jerking is over
And there's the not so small matter of NFPs tomorrow to give some further pause for thought for traders on both sides of the fence
Forex markets have been forever fickle and none more so than at present. There will be plenty of more thrills n spills from the UK election fall out
*Currently GBP falling to 1.5378, EURGBP 0.7305 GBPJPY 184.17 as I sign off at the end of this post
Keep selling those rallies but good two-way business anticipated still
See you all in a few hours
