The latest YouGov poll hitting the wires, poll conducted for the Times newspaper
The gap is narrowing again
- Conservatives on 42%
- Labour on 39%
Election is June 8
GBP is off a few points. This is the usual reaction as information comes in showing the race is tighter. The perception is that a weakened government (not going to get the result in the polls of a greater majority which is why PM May called the election in the first place) means a weaker negotiating position with the EU and thus a 'harder' Brexit. And it gives an excuse to hit a few stops on long GBP positions.
Or, you could just parrot 'algo selling'. Which confuses cause and effect, but whatever floats your boat.