Sterling could receive some relief if Donald Trump manages to win the US Election in my opinion. Trump is considered the riskier of the two candidates and there is no doubt that the markets could plummet on the announcement of his victory.
The US Dollar has been able to gain substantially in the last few weeks especially against Sterling and a Trump victory could start to unravel some of these gains. Investors could start to move their funds out of the USD and invest in other major currencies, with Sterling potentially in for a windfall. Alternatively, if you’re a US Dollar seller I would consider maybe acting before the announcement tomorrow as the 30 year lows could become something of the past.
There is however the more likely scenario with a Clinton victory which could prove very favourable for the US Dollar and could invoke further strength. Trump was voted as one of the biggest risks to financial markets in recent hedge fund surveys and with him out the question a lot of calm may be installed.
Either way whatever the result come first thing tomorrow there will be major swings and being prepared could help you mitigate your risks or benefit. There will be polls being released through the morning as millions of Americans have already voted. Assuming there is a clear winner there is an expectation of a result around 4am GMT.