A Bloomberg survey indicates that a Labour victory in the upcoming UK election would be beneficial for the pound. Financial institutions like JPMorgan and UBS also suggest that a Labour win could have a positive impact on various sectors such as banks, homebuilders, and food retail, while being less favorable for transportation and energy. The euro weakened after the European elections, and business leaders anticipate a Labour win to be advantageous for the pound and UK assets.
Reports suggest business leaders believe a #Labour win would be better for the pound What does @MelJStride have to say to them? #GeneralElection2024 #KayBurley SS https://t.co/5RkGOXbCEF
UK election: JP Morgan forecasts positive if Labour wins: move beyond policy paralysis https://t.co/L9DOXYHE7r
The pound has been doing well this year, and UK equities have posted some gains. But with the election looming on July 4, which outcome will prove best for UK assets? Check out Bloomberg's latest MLIV Pulse survey. https://t.co/NkHsletcSx
NEW: A Labour victory could be good news for the pound and #FTSE, the latest Bloomberg survey shows https://t.co/GwlXjIAjk0
Labour election victory would be ‘net positive’ for markets, says JP Morgan https://t.co/zwlTW9i9lb
What if Labour wins the UK election? UBS weighs in https://t.co/SrDUGUJMqQ https://t.co/FZNtGbp6j0
The best election outcome for the pound would be a Labour win, according to a survey of @business clients... (traders, portfolio managers, economists, retail investors) Story from @_DavidGoodman >>> https://t.co/FmxTbB6iDC
JPM on UK election - favour FTSE250 over FTSE100; Labour win favourable for Banks, Homebuilders & Food Retail; less positive for Transportation & Energy; mixed impact on Utilities & General Retail
Labour victory ‘would be good news for the pound’; euro weakens after European elections – business live https://t.co/rmQqBQwrsv
Bloomberg Terminal subscribers think Starmer and Reeves will be good for the pound>> Labour Victory Would Be Best Outcome for the Pound, Survey Says https://t.co/9AIzFqNF7U
A Labour victory in next month's UK election would be good news for the pound, a Bloomberg survey shows https://t.co/FhBySlLBlS via @markets @_DavidGoodman
Labour Victory Would Be Best Outcome For The Pound, Survey Says - BBG https://t.co/1gPF2SVW3V
A Labour victory in next month's UK election would be good news for the pound, a Bloomberg survey shows https://t.co/eGg23Wrr77