Tony Blair's re-election on 5 May would have a minimal impact on financial markets, right? For now...
Tony Blair's re-election on 5 May would have a minimal impact on financial markets, right? For now, the pound is steady against the dollar and the euro. Interest rates are on hold. The benchmark FTSE-100 index has dipped with other world markets, though it shows no sign of nervousness over a possible change of government. As far as the currency, bond and equity markets are concerned, the election is a non-event. Well, think again. It may be closer than traders think. And the faultlines in the UK economy may become apparent after the election if the Labour Party wins and continues with i...
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