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Getting lots of questions from FI clients re.....>

UK
UK: Getting lots of questions from FI clients re big strengthening move in GBP,
with Gilts off 30 ticks in the last hour.
- Our FX team says: "Lots of head scratching going RE GBP move. GBP/USD appeared
to accelerate the move on the break through historical highs initially on the
back of a weaker post-data dollar.
- "No headlines or newsflow to drive the move, although some eyeing local
election results (both major parties lost a substantial number of seats) as a
catalyst for ministers to get their act together and resolve Brexit."

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