Coming up to five hours after the exit poll release, GBP/USD has settled into a relatively tight 1.3450-1.3500 range. The big move has happened and all the results we’ve seen so far corroborate the exit poll. The 2.7% jump in GBP/USD has been the largest one day move since January 2017. Given what looks to be a convincing a Conservative win, it seems unlikely GBP/USD has too much more to rally in the very short term. The biggest one-day rally over the last five years (3%) has nearly been matched. Perhaps we could see a move to the 1.3550/75 area in Europe. As above, if the majority of the short-term GBP move has been ... (full story)