We question if PM May’s surprise move for snap election is a calculated move or a gamble. Early opinion polls and betting odds are suggesting a strong inclination towards a big margin victory for the Conser

GBL: GBP – A Calculated Move or Gamble?

FX Insight by Saktiandi Supaat

FX Research

We question if PM May’s surprise move for snap election is a calculated move or a gamble. Early opinion polls and betting odds are suggesting a strong inclination towards a big margin victory for the Conservative party and for PM Theresa May. Given that the current level of GBP already reflects a Conservative victory by a wide margin, we believe a narrowing of the lead will weigh on GBP while an extension of the lead could unwind stagnant GBP shorts further and lead to upside...