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Tags: UK | Election | Mayhem | Global | Financial | Markets

UK Election-Induced Mayhem to Jolt Global Financial Markets

UK Election-Induced Mayhem to Jolt Global Financial Markets

Nigel Green By Friday, 09 June 2017 08:29 AM EDT Current | Bio | Archive

The shock U.K. election result is set unleash mayhem across global financial markets.

While Theresa May’s Conservatives are set to be the largest party, they’ve not managed to secure an overall majority. This means that rather than securing a bigger mandate as she assumed she would – hence why she called the early election - she will now face questions about her leadership. The PM’s gamble has backfired hugely.

With Theresa May’s job now surely on the line, just as the UK is set to begin Brexit negotiations, and a clear shift in voting dynamics across Britain, there is yet another enormous storm cloud of uncertainty about who will lead talks and how they will do so.

Indeed, we’re entering into a perfect storm of chaos and the uncertainty is set to unleash mayhem across global financial markets, at least in the short term, as they react to the growing question marks hanging over the British parliamentary landscape.

We can expect the pound to fall considerably, gilt prices to rise and UK-orientated stocks to come under further pressure as the UK tries to get a handle on what is happening before it officially starts the Brexit negotiations.

Volatility is the only certainty in these uncertain times. But, of course, volatility can also bring considerable opportunities and investors should avoid knee jerk reactions at this time.

Nigel Green is founder and CEO of deVere Group. One of the world’s largest independent financial advisory organizations, de Vere does business in 100 countries and has more than $12 billion under advisement.

© 2022 Newsmax Finance. All rights reserved.


NigelGreen
The shock U.K. election result is set unleash mayhem across global financial markets.While Theresa May's Conservatives are set to be the largest party, they've not managed to secure an overall majority.
UK, Election, Mayhem, Global, Financial, Markets
259
2017-29-09
Friday, 09 June 2017 08:29 AM
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