Crédit Agricole on what a labour victory means for Sterling ...Middle East

The GBP has been trading at a 'political premium' ahead of the elections due to expectations of political stability.Polls indicate a decisive win for Labour, which is expected to form a majority government. This is seen as a positive development for political stability. FX investors hope that political stability, coupled with growing real incomes and potential BoE monetary easing, will foster economic recovery.Labour’s focus on supply-side reforms to stimulate private investment in housing and green industries, and a closer relationship with the EU, are expected to support economic growth.The immediate impact of the election on GBP might be muted, but a Labour victory could lead to a more me

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Crédit Agricole on what a labour victory means for Sterling ...Middle East

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