Re: The United Kingdom Elections 2010
Heard a blurb on NPR yesterday suggesting that England's currency was going to take a pounding if there was a hung parliament because "Europe wanted a clear decision." This was a follow-on line to a brief discussion of the Euro's getting hammered because of the currency market's assessment of the Greek debacle.
Sound right to you folks in Blighty?
"The only way that has ever been discovered to have a lot of people cooperate together voluntarily is through the free market. And that's why it's so essential to preserving individual freedom.” -- Milton Friedman
"The urge to save humanity is almost always a false front for the urge to rule." -- H. L. Mencken
Re: The United Kingdom Elections 2010
Unlikely. Markets will have factored in uncertainty with the current value.
An enemy that wishes to die for their country is the best sort to face - you both have the same aim in mind.
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Re: The United Kingdom Elections 2010
rory is correct, it is simple risk to them that they have had months to factor into their speculation, so given that all three parties promise to 'tackle' the deficit and given that the euro is being repeatedly pounded in its rear sterling is still quite a positive market for currency investment.Originally Posted by Seamus Fermanagh
Furunculus Maneuver: Adopt a highly logical position on a controversial subject where you cannot disagree with the merits of the proposal, only disagree with an opinion based on fundamental values. - Beskar
Re: The United Kingdom Elections 2010
LOL
Possibly, a Hung Parliament would reduce the likelyhood of rapid reforms and cuts, but I think the markets will hold off to see in we do our usual thing of "pulling together" during a crisis.
So I'd give it a couple of weeks, possibly months, before panicking.
"If it wears trousers generally I don't pay attention."
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Re: The United Kingdom Elections 2010
Final prediction from me:
Cons 325
Lab 200
Lib 90
Fractional Tory working majority given that Sinn Fein don't vote in Westminster.
Furunculus Maneuver: Adopt a highly logical position on a controversial subject where you cannot disagree with the merits of the proposal, only disagree with an opinion based on fundamental values. - Beskar
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