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GBPUSD is trading above the 1.32 mark, its highest level since March, as markets expect a Conservative victory in today’s UK election. An outright Conservative majority is set to break the Brexit impasse within Westminster, enabling the UK to leave the European Union by January 31. Should the official result fall in line with market expectations, any gains for GBPUSD are likely to be capped around 1.35 considering that much of this result has already been priced in. The polling stations close at 2200 GMT, when we also get the exit polls, which have historically been a reliable indicator for... Read More

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