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Sterling could come under pressure after the election

In what could be a very difficult and traumatic period for the UK economy the futures markets in bonds and sterling have announced plans to open up at 1 AM on Friday after voting is over in the UK. There is speculation that many investors will be looking to sell sterling if as expected we see a hung parliament and potentially days of negotiations between the various political parties.

There is serious concern that many influential investors are looking to make the UK pay for a potential hung parliament and the problems this could bring to the economy. This is a situation which David Cameron has been warning of for some time now and he is likely to feel vindicated if as expected there is a run on the UK pound.

The problems with the Greek budget deficits and Greek national debt have seen many investors looking around for the next potential target. While the activity of some speculative investors will infuriate governments around the world, in reality these are free markets and if a share price, bond price or currency is too low then investors will return at some point. However in the short-term it looks as though uncertainty is the name of the day and we could get that in abundance after Thursday!

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