jeffrey yu joining us from ubs.ns to have with him as we try to work her way through a long night of british politics. there are some great functions on your bloomberg. a top live running. you can follow the latest on the election. a market blog as well. we'll run those two things side-by-side. there is another great function, and that is e.u. . that is going to give the latest surrounding what is happening. we're about to hear from newcastle. what that gives us is this map, which is just brilliant because what it does is it breaks down 650y, there are constituents in the u.k. at the moment all the action is up here in the northeast of england. au've got down here, breakdown of the seats and the vote counts. so, labour taking the first four. that was largely expected. now we are starting to get some interesting ones. swindon is declaring down on the southwest. that is going to be fascinating. haidi: yeah, that is a really great fortune, the map. give us a better picture of what kind of risk we're dealing with he

jeffrey yu from ubs wealth management just joined me around the desk. always good to talk to you. let's go back to your old stomping grounds, fx. how much lower can cable fall? >> it depends on what materializes over the next few days. if the current government becomes clear they can't command con if confidence there could be pressure on sterling further, but i think we should look to the move towards 1.30, 1.35, 1.36 if we get to low levels, the valuation argument, it's cheap. >> so you're not selling on rallies, you're buying on dips? >> i would look at asymmetry and buy on dips. >> you're not the only one more positive on pound sterling at this point. some people say that the probability of softer brexit, that has just unfolded itself, revealed itself through the negotiations potentially. that could be a cushion for the currency. is that your main reason? >> i won't dispute that. at the same time i think it's a dangerous route to go down the soft brexit hard brexit "50 shades of grey" angle. i'll go back to two arguments. once we get back to below 1.25, the valuation argument c