Published by Zeb BhamThe pound fell against major competitors yesterday (April 19th) and is continuing to struggle this morning as investors assess the possibility of a hung parliament in the elections next month.According to a poll carried out by the Financial Times, either Labour or the Conservatives would need to emerge as clear winners in the upcoming election to maintain interest in UK government debt among the world's largest investors.The Liberal Democrats have enjoyed a surge in the polls in the last week, with voters won over by Nick Clegg's performance in last week's televised debate between the party leaders.Earlier this week, the Lib Dems took the lead for the first time in their history, causing currency risk management strategists to weigh up the possibility of a three-way hung parliament."Sterling looks extremely vulnerable here and a rapidly falling pound will not attract foreign investors to the gilt market and thus yields are likely to rise just at the wrong time," said Maurice Pomery, an analyst at Strategic Alpha.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site