Macro: It’s all about elections and keeping status quo
Markets are driven by election optimism, overshadowing growing debt and liquidity concerns. The 2024 elections loom large, but economic fundamentals and debt issues warrant cautious investment.
Chief Investment Officer
Summary: Labour leader Corbyn today "caved" in and will vote for motion to call General Election tonight.
The latest POLLS in the UK: https://www.politico.eu/europe-poll-of-polls/united-kingdom/
Conservatives @ 37%
Labour @ 24%
Lib. Dems @ 17%
We think that the end result will be a higher POLL for Liberal Democrats due to their clear stance on BREXIT, but more to come as election is called...
Hourly GBP: