The pound may fall to 1.20

The Big News of the Day - Early parliamentary elections in the UK. Experts say the big election victim may be the pound. It may fall to 1.20, a level unseen since January, if the election does not elicit a clear winner.
It can be summed up that Theresa May's idea of ​​calling early elections even in the light of potential loss is not determined by investors as the better way for the pound.
Analysts also comment that the prospects for "tough EU exit talks" could boost the downward pressure on the pound in the medium term.
It has now become clear that May's party leads in the election but will not be able to win a stable majority.
In the absence of a clear winner, uncertainty is expected to increase significantly. For this scenario, expert estimates range in the widest range from the lowest expectations for 1.20 to 1.2350 average.