7 May 2015
UK elections: SNP & Labour party likely to win enough seats to form a majority – Danske
FXStreet (Barcelona) - Jens Nærvig Pedersen, Senior Analyst at Danske bank, comments on the UK elections today, and expects the Scottish National Party and the Labour Party to win enough seats to have a majority.
Key Quotes
“The UK general election will be held today and polls continue to suggest a hung parliament. Although the election outcome is far from certain, it seems likely that Labour and the Scottish National Party (SNP) will win enough seats to have a majority. If so, we expect Labour to form a minority government as it refuses any deals with the SNP which, however, is expected not to vote a Labour government down in a ‘no confidence’ vote.”
“We still see risks of higher political instability in the new parliamentary term. The result should be known early Friday morning.”
Key Quotes
“The UK general election will be held today and polls continue to suggest a hung parliament. Although the election outcome is far from certain, it seems likely that Labour and the Scottish National Party (SNP) will win enough seats to have a majority. If so, we expect Labour to form a minority government as it refuses any deals with the SNP which, however, is expected not to vote a Labour government down in a ‘no confidence’ vote.”
“We still see risks of higher political instability in the new parliamentary term. The result should be known early Friday morning.”