GBP was poised to fall in early Fri trades given the fact that a Conservative-win was in the price. The kne

GBL: No Love For Sterling Yet?

Global Markets Daily by Saktiandi Supaat

FX Research

GBP was poised to fall in early Fri trades given the fact that a Conservative-win was in the price. The kneejerk pullback (towards the 1.27-figure) was even more exaggerated as labour holds 97 seats, leading over Conservative’s 75. That is 195 seats declared out of 650 seats. The polls will continue to come in and expect more GBP swings. Earlier last night, the testimony given by former FBI Director James Comey did not reveal any major surprises yesterday. Benchmark equity indices rose...