peterpr
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The anouncement has caused barely a ripple in any market so far as I can judge. So what does it mean?
1. Announcement trailed so far in advance that markets' judgements already discounted?
and
2. Labour victory expected, so present trajectory remains undisturbed?
or
3. Market sees no discountable difference between the two main contenders
1 & 2 look to be the present judgement because, even if planned Tory public spending increases are accepted as being lower than Labour's (market positive?), a change of government would be just that - change - and markets are usually unsettled by change to the point of at least a little increased volatility.
1. Announcement trailed so far in advance that markets' judgements already discounted?
and
2. Labour victory expected, so present trajectory remains undisturbed?
or
3. Market sees no discountable difference between the two main contenders
1 & 2 look to be the present judgement because, even if planned Tory public spending increases are accepted as being lower than Labour's (market positive?), a change of government would be just that - change - and markets are usually unsettled by change to the point of at least a little increased volatility.
