WILL GBP/USD REMAIN RANGEBOUND AFTER THE UK ELECTIONS? AN OPTIONS STRATEGY FOR THE PROVERBIAL “NON-E
On May 7th the UK elections will be held, the latest poll results (23/24 April) show a neck – and – neck race between Cameron (Conservatives) and Miliband (Labour), 33% versus 35%. History has shown that the Pound versus the Dollar displays quite some volatility before and after elections. Source: Telegraph The chart above shows in light blue the change in GBP/USD before the election and in dark blue the change in GBP/USD after the election for the past 5 elections from 1992

