More polls are now showing a lead of about 5-6%, down sharply from more than 20% (when UK PM May called for snap elections. The hopeful expectation that PM May h

GBL: GBP: Narrowing Lead to Continue?

FX Flash by Saktiandi Supaat

FX Research

More polls are now showing a lead of about 5-6%, down sharply from more than 20% (when UK PM May called for snap elections. The hopeful expectation that PM May had made a calculated move and was gunning for a bigger majority in parliament is now at risk as polls suggests that PM May may not win as much or could even risk having a hung parliament. We continue to stress that GBP direction will be determined by opinion polls - if the narrowing of Conservatives’ lead is temporary or will continue...