Saturday March 28, 2020

History shows British economy heading for post-election jolt

British Prime Minister Tony Blair's re-election on May 5 would have a minimal impact on financial markets, right?

23rd April, 2005

British Prime Minister Tony Blair's re-election on May 5 would have a minimal impact on financial markets, right?

For now, the pound is steady against the dollar and the euro.

Interest rates are on hold. The benchmark FTSE-100 index has dipped with other world markets, though it shows no sign of nervousness over a possible change of government.

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