The UK equity market is somewhat in limbo at the moment as investors await the outcome of the general election, writes Guy Stephens, who takes a look at the potential shift in favour from growth to value investments.
This market limbo is typical of pre-election period, but we may see some volatility throughout the campaigns. We hope that voters are given a reasonable period of time in order for the important policies to be flushed out. The markets are understandably in limbo, suppressed from direction, as a hung parliament is a distinct possibility with all parties saying they will not do any coalition deals with anyone. The value of sterling is probably the best barometer as to what the markets think is going to happen. We have to take an investment view regardless of our own political views - wh...
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