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Conservatives Win The Election - Stable Political Outlook

Published 05/08/2015, 06:30 AM
Updated 05/14/2017, 06:45 AM

The Conservative Party is the big winner of the UK election. Currently, it seems that the Tories are close to winning a de facto absolute majority. David Cameron will continue as Prime Minister. Hence, the political outlook is far more stable than anticipated.

GBP rallies - we see further EUR/GBP downside in the coming months but watch out for short-term corrections higher.

We still expect growth to rebound in the coming quarters and expect the Bank of England to hike in November.

David Cameron has promised an in/out EU referendum in 2017 - Brexit will be a market theme.

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