GBP - JP Morgan says hold the USD against GBP

I posted a little earlier on JP Morgan comments on the USD/JPY, Concluding with their recommendation to "hold USD vs. GBP and JPY"

But, I didn't mention why they recommended long USD against GBP .... so let me fix that!

Its an election trade ....:

Although UK markets have become somewhat accustomed to coalition government given the Tory/Liberal Democrat experience of the past five years, the May 7 general election may well deliver something with little precedent: a minority government, since no party may be able to secure the required 326 seats to command Parliament.