30 Apr 2015
UK election risk doesn’t scare GBP bulls – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team comments that market expectations remain bullish for GBP and UK equities in spite of the uncertainty surrounding the UK elections.
Key Quotes
“Many feared the U.K. stock market would be rocked by the uncertainty regarding the election as a result of the ideological differences between the labour and conservative parties. However, analysts from UBS now believe that the bullish trend in cable and the equities market will not be put off by fear of British politics as cheap money continues to be pumped in. Thus many are starting to change their view, believing the unpredictable result will not bring about the market chaos as first anticipated – guess it’s a question of watch this space.”
Key Quotes
“Many feared the U.K. stock market would be rocked by the uncertainty regarding the election as a result of the ideological differences between the labour and conservative parties. However, analysts from UBS now believe that the bullish trend in cable and the equities market will not be put off by fear of British politics as cheap money continues to be pumped in. Thus many are starting to change their view, believing the unpredictable result will not bring about the market chaos as first anticipated – guess it’s a question of watch this space.”