Remaining short GBP/USD via options into UK elections – BAML

FXStreet (Barcelona) - Kamal Sharma, FX Strategist at suggests an options strategy for trading GBP/USD into the UK election uncertainty.

Key Quotes

“The price action comparisons for GBP/USD spot in 2010 vs 2015 look a lot more encouraging for our current trading strategy to be short GBP/USD via a 1mth ratio put spread.”

“GBP/USD came under more sustained pressure in the 10 days before the election in 2010. The price action in 2015 bears a striking resemblance and encourages us to reiterate our strategy heading into May 7th.”