sterling

Markets have responded positively to news of a Conservative election win, but uncertainty over Britain's membership of the EU and Scotland's future are storm clouds on the horizon, according to economists and fund managers.

Three reasons to 'put capital preservation above greed'

International investors have begun selling out of UK gilt holdings on uncertainty over how Britain will manage its debt pile in the next parliament.

With less than four weeks to go until the general election, wealth managers and strategists give their view on how investors should be positioned.

Foreigner investors have been selling UK gilts at a faster rate than at the peak of the financial crisis in 2009, ahead of an unpredictable general election.

The Bank of England's Monetary Policy Committee has warned ongoing sterling strength could prompt a prolonged period of lower inflation expectations.

Key drivers for 2015

Another bruising year for investors?

The UK's current account deficit widened faster than expected in the third quarter to reach a record high of £27bn.

Managers have been grappling with the strong pound this year, as UK companies with overseas earnings have been hindered by currency strength. But that headwind will turn in to a tailwind in 2015, OMGI's Stephen Message predicts.