An easy choice today – it’s the pound in focus as London markets open on polling day

A pivotal day for the British pound as the country goes to the polls in a general election which is likely to define the direction for the currency in the longer term. Should the result be as forecast with a Conservative majority, this is likely to be positive for the pound with a consequent resolution of the Brexit malaise which has dogged the country for three years. Today and overnight however, there will be plenty of trading opportunities, both long and short, as the results filter in, with volatile price action. Should the result be a hung parliament this is likely to be negative for the currency with years of indecision ahead.