.....and various bits of tittle tattle which may interest the markets.
Next Thursday 6th May, the UK elections will take place. Typically, the counts and result are known reasonably quickly. Sometime early in the morning UK time, we will know the result.
What has been a 2 horse race for the past 40 years, suddenly became a 3 horse race after Nick Clegg from the 3rd party had a stormer during the first televised debate. Most polls show the current PM Gordon Brown in 3rd place, but polls still suggest it will be tight.
The latest polls conducted yesterday and today, (28th and 29th), show the Conservative lead has widened slightly.
The general concensus is that an outright Conservative victory would be very positive for Sterling as they have promised to start cutting the debt immediately, stating £6Bn of savings in the first year alone. The markets seem to like this approach.
An outright Labour victory is being seen as negative for Sterling as they do not intend to cut the deficit immediately, but are working on a premise similar to the US; invest more money, (ie borrow), to grow the economy out of recession. The markets are uncertain about this approach.
No one is contemplating an outright Liberal Democrat victory, including their own leader it seems, but they will become a strong voice should they get the votes the polls are suggesting.
A hung parliament with no outright winner is widely seen as very negative for Sterling as it represents a great deal of uncertainty,(and countless arguments), on how to cut the deficit.
I will be updating this thread with various bits and bobs I hear between now and next Friday, but I aim to keep this thread very active through the night of the election itself. I'll give results of the various constituency counts and provide whatever info I can derive from them; how important they are etc.
Next Thursday 6th May, the UK elections will take place. Typically, the counts and result are known reasonably quickly. Sometime early in the morning UK time, we will know the result.
What has been a 2 horse race for the past 40 years, suddenly became a 3 horse race after Nick Clegg from the 3rd party had a stormer during the first televised debate. Most polls show the current PM Gordon Brown in 3rd place, but polls still suggest it will be tight.
The latest polls conducted yesterday and today, (28th and 29th), show the Conservative lead has widened slightly.
The general concensus is that an outright Conservative victory would be very positive for Sterling as they have promised to start cutting the debt immediately, stating £6Bn of savings in the first year alone. The markets seem to like this approach.
An outright Labour victory is being seen as negative for Sterling as they do not intend to cut the deficit immediately, but are working on a premise similar to the US; invest more money, (ie borrow), to grow the economy out of recession. The markets are uncertain about this approach.
No one is contemplating an outright Liberal Democrat victory, including their own leader it seems, but they will become a strong voice should they get the votes the polls are suggesting.
A hung parliament with no outright winner is widely seen as very negative for Sterling as it represents a great deal of uncertainty,(and countless arguments), on how to cut the deficit.
I will be updating this thread with various bits and bobs I hear between now and next Friday, but I aim to keep this thread very active through the night of the election itself. I'll give results of the various constituency counts and provide whatever info I can derive from them; how important they are etc.