Does the British election really matter for markets?
The British general election will have more of an impact on the currency and bond markets than stocks, writes Eugene Kiernan
The general election in Britain, which is proving a tight contest and comes a critical time for the British economy, is getting lots of coverage as we draw closer to May 6. For market commentators and analysts, it provides a reliable fallback in helping to explain day-to-day movements in sterling, gilts or British stock prices. Such comments usually begin: ‘‘Well, what the market hates most is uncertainty. . .”
But does the election matter for...
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