The likely outcome of Britain’s general election is finally becoming clear. The outcome, that is, for the pound. In a bearish sign for the currency, traders are paying more to hedge against sterling losses versus the dollar now than in the weeks before the Scottish independence referendum back in September. Opinion polls ahead of the May 7 vote put the Conservative and Labour parties virtually neck and neck and investors say there are dangers whichever one ends up running the government. “All paths lead to a degree of sterling weakness,” said Daragh Maher, a London-based strategist at HSBC Holdings Plc, which sees ... (full story)