Shifting Odds in the UK

• U.K consumer confidence will head into the election at the lowest level prior to a poll since 2010, which took place in the aftermath of the global financial crisis.
• The odds are now tilting further in the direction of the Conservatives following this week’s closely-watched YouGov poll pointing to a big majority for the Tories.
• Some more data emerged this week that may catch the eye, showing net migration to the U.K. from the European Union has fallen to the lowest level since 2003.
• But even if the odds are in Boris Johnson’s favor, traders are staying cautious and keeping hedges in place just in case there’s another big surprise.

(Source: Bloomberg)