This Is What the Size of May's Majority Means for the Pound
- Analysts set a low bar for sterling to avoid a selloff
- Polls show Conservatives boosting margin in June 8 election
BAML Plans to Short Pound Ahead of Brexit Talks
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Currency traders are setting Prime Minister Theresa May a low bar on the majority her party should win at next month’s election in order for the pound to emerge unscathed.
While some betting markets and models have predicted that May’s Conservative Party could win as many as 180 seats more than its rivals combined on June 8, even a 50-seat cushion may help sterling hold steady, analysts say.