With British voters heading to the polls on Thursday for the third time in four years, markets have mostly priced in a majority for Prime Minister Boris Johnson's Conservative Party.
Johnson can therefore theoretically govern on 322 seats, a technical majority of one.
Matthew Farrell, investment specialist at London & Capital, told CNBC via telephone that a working majority of just 10 or more for the Conservatives would mean a stable evening's trade, with cable gradually advancing to around $1.35 in the ensuing days. A hung parliament would send EUR/GBP towards £0.87 and GBP/USD down towards $1.26 over the next few days as sterling speculative shorts are rebuilt.
Farrell suggested the downside momentum could be even greater, taking cable to $1.25, since a hung parliament "sends us back into the cycle of Brexit uncertainty and probably gives up most of the ground made."would cause the biggest downside shock to GBP, Krpata predicted.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Leak of UK trade papers was well-planned, professional operation: sourcesWhoever leaked UK-U.S. trade papers online ahead of Britain's general elect...
Leer más »
UK PM Johnson's waning lead casts doubt on election victory chancesA major polling forecaster slashed its prediction for Boris Johnson's major...
Leer más »
TOWIE's Sam Faiers shares sweet family snaps of her magical UK Christmas tripFormer TOWIE star Sam Faiers delighted Instagram fans by sharing pictures and videos of her two children enjoying a festive day out at Lapland UK, from making teddies to ice skating and meeting Santa.
Leer más »
The Who Eyeing First U.K. No. 1 Album In Nearly 50 YearsThe Who are on track for their first U.K. No. 1 album in almost a half century with 'WHO' (Polydor), which leads the midweek chart.
Leer más »
Brexit and U.K. election unearth old demons in Northern Ireland'The stakes are so high in terms of peace, in terms of our stability and in terms of our economic future,' Deirdre Heenan, a professor, says of the upcoming Brexit and U.K. election and its impact on Northern Ireland.
Leer más »