Jupiter's Davies: How I would position for next year's 'binary' election

Jupiter UK equity manager Steve Davies believes investors will need to be "tactically nimble" to handle the fallout from next year's UK election.

Davies (pictured), who is co-manager of the Jupiter UK Growth fund, believes next year's general election will be the most binary since 1992.  While a Tory win could see the UK stock market and pound rally, a Labour win could cause falls due to its anti-business leanings, leaving sterling vulnerable, he said. "At this stage, the polls make it too close to call who will win and there is an ever-increasing prospect of no overall majority, leading us into the complex world of potential coalition deals or the possibility of the largest party choosing to operate as a minority government. ...