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What Impact with the UK Election Have on Cable?
What Impact with the UK Election Have on Cable? Britons are headed to the polls today, and are widely expected to vote for a new Prime Minister. The shift in parties in control of the government often has implications for fiscal and monetary policy, which shakes up the price of the currency. Already the UK elections have had an impact on the pound, as it is understood that the BOE held pat at the last meeting in order to stay out of the political discussion. Polling has been fairly consistently showing that Labour will win by a considerable margin, with estimates suggesting they will likely win 470 seats. The ... (full story)