Investors in UK bonds and securities are preparing to navigate unfamiliar territory, with the likelihood that the May 6 national election will not result in a clear winner.
The worst outcome for the UK election – a hung parliament – has already been priced in, and some analysts forecast the pound could appreciate by up to 15 percent after the May 6 vote.
In one of the most stunning turnarounds in British election history, the UK's third party, the Liberal Democrats, now lead opinion polls just two and a half weeks before we go to the vote.
With airports on lock-down due to the massive cloud of soot thrown up by an Icelandic volcano, Britain this morning woke up to headlines hailing Nick Clegg, the leader of the UK’s third party the Liberal Democrats, as the winner of the first US-style TV debate in history.
UK Prime Minister Gordon Brown told British voters Wednesday night that he was sorry for not imposing stiffer regulations on the City of London and banking industry in the UK when he was Chancellor of the Exchequer.
With opinion polls so tight, the three US-style TV debates, which will happen every Thursday until the UK goes to the polls, will be important. Whether they will be a game changer is open to question though.
Whereas the global regulatory and political powers-that-be made a good job of feigning coordination in their collective panic-button-pushing stimulus at the height of the financial crisis, it seems that it’s everyone for themselves in the scramble to punish the perceived perpetrators.
The renewed rivalry between France and the UK is still growing. And this time agriculture is the altercation.
On the final day of the Conservative Party Conference we hear from the man who, if the polls are to be believed, will be the next Prime Minister of the UK.
The burgeoning British scandal over the misuse of government expense accounts is claiming its first major victims and setting the stage for a major shake-up in the country's leadership.