The pound sterling has been trading above the 1.30-level against the greenback over the past month.
"Heightened uncertainty" over Britain's divorce with the European Union could be the trigger that sends the pound even lower, making it more attractive for investors to buy, according to UBS Global Wealth Management.
"We don't think that Theresa May is able to get the current deal through the U.K. parliament. It is not likely to happen and with that, it opens the door to general elections," Tan told CNBC's "Street Signs" on Thursday. He explained that the U.K. heading into general elections will likely introduce greater volatility into the currency markets. That will result in the pound trading in a wider range, with the possibility of touching 1.24 against the U.S. dollar — that's"the opportunity for you to buy pound cheaper," said Tan.
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