The BBC were desperately keen to associate Brexit with the pound falling. Oddly they are less keen to note that the prospect of a Labour government is pushing Sterling lower.
'This morning's YouGov/Times poll (Con 43% vs Lab 38%) has knocked the pound, which fell against all of its 16 major peers this morning. Sterling has touched $1.2858 today, a two week low.
Neil Jones, head of hedge-fund sales at Mizuho Bank told Bloomberg:
"Sterling correlates well with anything that shows a Tory majority and vice versa, so if you've got this situation where the majority closes right down, it may come to a critical level where it may not have a sufficient number of seats in the house. The market doesn't like that."'
Thanks to Guido Fawkes...