Sterling 11/25

Sterling would remain stuck in a range between $1.25 and $1.30 under a hung parliament following the December 12 U.K. general election until some political clarity emerges, UBS Global Wealth Management says. "If the election results in a hung parliament, we expect Article 50 will be extended again, followed by a referendum," UBS analysts say in a note. While the Conservatives are leading opinion polls ahead of the election, these should "always be taken not with a grain of salt, but a truck-load," they say. The first past-the-post constituency-based system in the U.K. "doesn't lend itself well to making predictions based on national vote shares." GBP/USD rises 0.3% to 1.2871.(