Ready for a hung parliament

This is the risk for the GBP - that there is a hung parliament.

If there is a hung parliament then her party:

  • the SNP, will seek to form a progressive alliance to lock conservatives out of Gov't
  • If the SNP wins the election in Scotland the question should be to London Parliament what gives you the right to stop independence vote.
  • Will look to form alliances in Parliament to stop Brexit
  • would drive a hard bargain to give support to a party to form Gov't.

GBPUSD ticking below the 1.2800 handle on the headlines. But remember the option expiry around that level.