from Gold Core:
People across Britain are going to the polls today to elect a new government. Opinion polls suggest that, as in 2010, a hung parliament is likely as neither the Tories nor Labour are likely to gain an overall majority.
The uncertainty caused by a hung parliament has historically had a negative impact on markets and on the pound as investors wait for clarity in government policy before making investment decisions. There is also the possibility of more serious market dislocations and concerns that election ‘chaos’ could trigger a ‘Lehman moment’ for the pound.
We think it is important to look at short term dynamics and long term ones.
Please follow SGT Report on Twitter & help share the message.