Headline here: Election: Poll projects UK conservative party to fall 16 seats short of overall majority

  • UK Conservative party projected by polling firm YouGov to fall 16 seats short of overall majority

That was a pretty good and timely heads up to GBP traders, if I do say so myself.

More, this is the YouGov projection:

Net, that's going to mean

  • the Conservatives lose 20 seats
  • Labour gain nearly 30

in the June 8 election, according to the YouGov model . The model is based on looking at individual constituencies modelling. This is a much better way of projecting the outcome (provided your model is accurate, of course), much better than simple national polling.

GBP is falling further: