Early Election Adds to Bull Case for London Markets This Year
- Prospect of stable government positive for stocks: Barclays
- Volatility in UK bonds is realigning with major peers
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UK assets have mostly traded sideways since the announcement of the July 4 election, but that hasn’t stopped market participants from becoming more positive, with the opposition Labour Party far ahead in the polls.
With London-listed stocks hovering near record highs and the pound holding firm against the dollar, strategists and fund managers expect that a new government would bring stability and lift a political overhang which has weighed on markets for years.