Smart Global Macro is Long British Pound
You have to believe smart money is pouring into the British Pound right now. Whether you are happy with the Tory win or not is beyond the scope of this article. But a Conservative government coming in after a decade of Leftist leadership under Labour is undoubtably going to boost the economy.

That is my hypothesis, anyway, and I think it is cogent enough to act on. Give a lot of room in this one. Let the position work. The stop is somewhere around that gap at 128 in the March contract. It's hard to imagine a scenario where this won't be a winning position over the next 18 months.