Brexit - here is reasoning for a lower GBP if a UK snap election is called

All sort of permutations are possible in the Brexit debacle, Greg had a run down of today's **i*show here:

• Forexlive Americas FX news wrap: UK politics/Brexit takes center stage again

Just scanning some of the overnight notes, this via MUFG:

• snap election is a negative for GBP
• cable would fall under 1.2000

(for those eagle eyed traders, we ainlt far off this! … anyway, back to the note)

• snap election an initial negative as the current govmt is likely to win the election on a no deal platform
• GBP/USD heads towards 1.1 is BJ gets a majority and pursues a no deal exit

Meanwhile, Boris Johnson at work:

via GIPHY