The UK is a 'Beacon of Stability' for Markets

On the whole, the UK election campaign has not been a major focus for investors. Sterling has remained in a fairly tight range and has traded up to its highest level against the euro in over two years. Gilts have also largely been unmoved, suggesting little risk premium is attached to a change in government. That could be because polls have consistently put Labour about 20 points ahead, with YouGov’s latest poll suggesting they are on track for the biggest majority since 1832, the year of the Great Reform Act. Labour…