Betfair has Corbyn favourite to become new Prime Minister

Betfair has now Corbyn favourite to become new Prime Minister. It is almost certain that Labour won't win a majoriity. Also, it is now realistic to start speculating on a possible minor win by the Labour party. As a result, the GBP/USD has seen a marginal break through 1.27 before bouncing back. It is going to be a long night in the UK, but so far, the risks remain quite evident for further downside on a possible hung parliament or even Labour win.