Tuesday, June 6, 2017

Will the U.K. pound be pounded after the General election.

What will happen in June 9 to the U.K. GBP pound sterling . 

Well if the Tories get in then there will be a strong relief rally, and business as usual.

However, of Labour is to get in which is the most left wing Labour Party in 30 years , then the story will be different . The draconian measures that Jeremy Corbyn has planned will spook the markets.

The FTSE will drop by about 10% over a 6 week period and the pound will also fall against all the major currencies .

Below is an article I wrote for finance feeds today which explains more.

https://financefeeds.com/will-uk-gbp-pound-pounded-election/

Meir Velenski

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