FKU - Britain's Political Earthquake: What It Means For Growth The Pound And Public Finances
2024-07-05 00:50:00 ET
Summary
- UK exit polls predict a landslide win for Keir Starmer’s Labour Party and loss for the ruling Conservatives under Prime Minister Rishi Sunak.
- Financial markets are, not surprisingly, unmoved, given that opinion polls have barely budged since the election was called six weeks ago.
- Elevated gilt yields reflect the fact that public debt is within spitting distance of 100%, and the deficit is at 4.4%.
By James Smith, Developed Markets Economist, UK ; Michiel Tukker, Senior European Rates Strategist ; Benjamin Schroeder, Senior Rates Strategist ; and Francesco Pesole, FX Strategist ...
Britain's Political Earthquake: What It Means For Growth, The Pound And Public Finances