Pre-Election market update December 10, 2019 The famous (or infamous) cliché ‘Buy the rumour, sell the fact’ is commonly used in the financial markets. But it contains a significant element of truth. It has been seen in the performance of the pound versus the dollar and euro since Boris Johnson ascended to the premiership. Having suffered heavily for most of 2019, [...]
Eight reasons the Tories are a safer bet than Labour this election December 10, 2019 This election will define our country. Either Britain will continue to be a liberal open democracy continuing what frankly has been a very successful recovery from a global crisis – or the UK will slip towards a highly centralised command and control model that has failed the world over. My last article outlined just what [...]
Are there any safe bets for investors this election? December 10, 2019 Political parties have not been able to agree on much this election. Whether it is Brexit or how the economy is run, the Conservatives and Labour have opposite views on almost everything. The Conservatives want to ‘get Brexit done’ so the UK is out of the EU by January, have a new trade deal signed [...]
Election promises little relief for troubled UK markets December 10, 2019 The election represents another ‘key risk’ moment for UK assets. Depending on the result, some parts of the UK stock market could suffer heavily, while others might be beneficiaries of a surprise result. This is the dangerous part – trying to work out what comes next. Memories of the predictions made before Brexit and Trump [...]
Amazon strengthens dominance of UK e-commerce market December 10, 2019 Online retail giant Amazon increased its dominance of the UK e-commerce market this year, according to the latest research. Amazon boosted its market share from 28.8 per cent in 2018 to 30.1 per cent this year, accounting for $30bn in sales. Read more: Amazon nets Champions League rights The next largest player in the UK, [...]
How do UK general elections impact the stock market? December 10, 2019 General elections can have a profound long-term effect on the economy and people’s lives. The impact of elections on the stock market is less understood. Analysing the last seven UK elections, there is no definitive pattern as to how markets react, although there are historical patterns that may help investors and traders prepare for the [...]
Whoever wins this election, our politics will remain in flux December 10, 2019 Nothing except an election lost can be half so melancholy as an election won. That’s what the Duke of Wellington might have said after he swapped the battlefield for politics. Come Friday morning, each of the major parties will be reckoning with the result — and may find pain in victory as well as defeat. [...]
General Election: Who are City workers voting for? December 10, 2019 Two days ahead of the general election, politicians are travelling up and down the country to hammer home their campaign messages. However, for many in the City, neither Labour nor the Conservatives offer stability or financial certainty. Financial services will be the primary target of a Jeremy Corbyn-John McDonnell government, but Boris Johnson’s promise to [...]
Election 2019: Boris Johnson says Labour’s Ashworth ‘absolutely right’ on Corbyn December 10, 2019 Boris Johnson has said Labour’s Jon Ashworth is “absolutely right” about Jeremy Corbyn, after a recording of the shadow health secretary criticising his leader emerged today. The recording, leaked to Guido Fawkes by Ashworth’s Tory activist friend, reveals the Leicester South candidate admitting Labour’s prospects are “abysmal”and “dire” in towns in the Midlands and the [...]
General Election: Boris Johnson breaks Brexit ‘gridlock’ in JCB digger December 10, 2019 As Thursday’s General Election nears, Boris Johnson has been driving home his Brexit message – by driving a JCB into a wall. In a visit to a factory in Stafford, the Conservative leader drove one of the vehicles, which was specially branded with Union Jacks, through a white polystyrene wall with “gridlock” written on it. [...]