According to Bill Diviney, senior economist at ABN AMRO, the main risk scenario for financial markets in the UK election is a Labour majority, which on present polling looks unlikely. Key Quotes “This may seem counter-intuitive, given that Labour favours a closer relationship with (if not remaining in) the EU.” “The difference would be that Labour would have much more freedom to implement its radical leftwing agenda, including renationalising parts of the economy that had been privatised (such as the railways), and immediately raising the minimum wage by over 20%. This would likely have a negative impact on financial markets and business confidence, though it would also – at least in the short term – be stimulatory to growth and inflation.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD drops to session low, around 1.2870 region FX Street 3 years According to Bill Diviney, senior economist at ABN AMRO, the main risk scenario for financial markets in the UK election is a Labour majority, which on present polling looks unlikely. Key Quotes "This may seem counter-intuitive, given that Labour favours a closer relationship with (if not remaining in) the EU." "The difference would be that Labour would have much more freedom to implement its radical leftwing agenda, including renationalising parts of the economy that had been privatised (such as the railways), and immediately raising the minimum wage by over 20%. This would likely have a negative impact on financial markets… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
