I realize that most folks here are concerned with US markets,
but I'd still like to throw this in here, hoping for comments, so
please indulge me:
Rumour has it that BBC news teams have been told not to travel
this weekend, as they might be called in to cover the announcement
of the election date (rumoured - once again - to be 25 March). Now
what might Brown do, desperate as he is, to get quick, short-term
economic results, and how might that impact on Cable?
Posted by biketastic on 26th of Feb 2010 at 03:20 pm
In the UK, governments have a maximum term they can serve but
they can call an election at any time with just 3 weeks notice.
Last year the budget was on 22 April but a date has not yet been
announced for this year. Shambolic, isn't it?
Calling a snap election - at a time when the poll margins are
narrowing - AND before an austerity budget is a distinct
possibility imho. Additionally, there is friction between the
Brown job and the Chancellor (who wants to start reining in
spending). Brown just wants votes - and the country can go to
hell in a hand cart. It's all about hubris with him.
Posted by philosoraptor on 26th of Feb 2010 at 01:56 pm
Likely to be a hung parliament, with the Liberal Democrats
holding the trump card as the third main party. Will they form a
coalition? Whatever, would result in a very uncertain period
politically - and do the markets like uncertainty?.....
GBPUSD, UK Election
Posted by isplat on 26th of Feb 2010 at 01:46 pm
I realize that most folks here are concerned with US markets, but I'd still like to throw this in here, hoping for comments, so please indulge me:
Rumour has it that BBC news teams have been told not to travel this weekend, as they might be called in to cover the announcement of the election date (rumoured - once again - to be 25 March). Now what might Brown do, desperate as he is, to get quick, short-term economic results, and how might that impact on Cable?
sneaking in the election before the budget??
Posted by biketastic on 26th of Feb 2010 at 03:20 pm
In the UK, governments have a maximum term they can serve but they can call an election at any time with just 3 weeks notice.
Last year the budget was on 22 April but a date has not yet been announced for this year. Shambolic, isn't it?
Calling a snap election - at a time when the poll margins are narrowing - AND before an austerity budget is a distinct possibility imho. Additionally, there is friction between the Brown job and the Chancellor (who wants to start reining in spending). Brown just wants votes - and the country can go to hell in a hand cart. It's all about hubris with him.
Likely to be a hung
Posted by philosoraptor on 26th of Feb 2010 at 01:56 pm
Likely to be a hung parliament, with the Liberal Democrats holding the trump card as the third main party. Will they form a coalition? Whatever, would result in a very uncertain period politically - and do the markets like uncertainty?.....
Brown thowing a "Hail Mary"?
Posted by perthx on 26th of Feb 2010 at 01:50 pm
Wow an Election on the Annunciation day.
Is he hoping for his own miracle??