I can't help feeling - looking at the price action - that some people had better intelligence regarding the result of the UK election than others! As long as price stays below 1.55237 then we can expect lower levels before going higher. In the longer term the election result poses more questions than it answers. In two years time the UK could be in a very different place due to promised referendum on EU membership and SNP asking the perfectly reasonable question "if you want to leave Europe what about us?"