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The UK election just got a lot more interesting in a big negative way for the British pound.
The pound is not yet significantly reacting to the coalition talks, but this may change if negotiations go on long enough.
As the market dropped our team was watching. A car wreck is a much too pleasant analogy. I was at my desk in 1987, 1989, 9/11, 2008, and I’ve never witnessed what I witnessed yesterday.
Even with rioters on the streets of Athens and the 16 countries using the euro threatened with mounting turmoil, the economy remained the most frequently — and least candidly — discussed topic in the UK as the three main parties entered the last hours of a monthlong general election campaign.
With government deficits in Britain second in Europe only to those in Greece, whoever wins Thursday’s general election will be forced to make deep and unpopular cuts, the New York Times reports.
Simon Cowell, the man who made millions from being the front man of American Idol and the X-Factor, has intervened in the UK election race just 24 hours before Britain goes to the polls.
Here's my friend Dan Mitchell's latest video. As usual, it's definitely worth watching. According to Dan: The correct capital gains tax rate is zero because there should be no double taxation of income that is saved and invested.
With two days to go before the UK election analysts at Bank of New York Mellon have found that David Cameron's opposition Conservative Party is ever more likely to form a majority government, albeit with a very small majority.
More than three quarters of business leaders think that a hung parliament will be bad for the UK economy, a survey commissioned by CNBC showed Tuesday.
The third and final TV debate between PM candidates is over but none of the three spoke about the hidden issue that will define the UK economy over the long term.
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.
So much is being written in the mainstream media about who the tea partiers are, but very little is being recorded about what these folks are actually saying.
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.
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It is in the interests of all parties to support a strong financial services sector, one that can provide the lending required by businesses and individuals to drive the economic recovery forward.
A new UK government should make dealing with the budget deficit and cutting spending its main priority immediately after the election, a CNBC survey of 300 business leaders showed Tuesday.
Doing business in India is more difficult than doing it in China, despite the recent spate of conflicts between Western companies and the Chinese authorities, Lord Peter Levene, chairman of Lloyd's Of London, told CNBC Wednesday.
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