UK exit poll looks bad for GBP
Thu 6/8/2017 5:55 PM MDT
AmpGFX Real Time – UK exit poll looks bad for GBP
I am not going to trade it, since I can’t sit here tonight and watch the results.
But on the exit poll numbers, that have been reasonably accurate in past elections, not only does it look like a hung parliament, but Tories may not be able to form an effective government and Labour could with LibDems and SNP both closer to Labour on Brexit views.
The idea of Corbyn as PM is hard to contemplate, and a minority government with May is not much better if she has to get support from anti-Brexiters.
I’d say GBP fall has only just started.
Position
Short half unit AUD/USD at 0.7547; s/l 0.7623; t/p 0.7388