Hung Parliament

With a result unlikely for a week or two the financial markets will remain a little skittish over this period due to the uncertainty. The fact that both parties have a similar approach to economic matters however means that the impact will be minor and short lived. The dollar is the obvious area that is likely to see some selling pressure, the stock market may receive some selling while the impact on interest rates will be negligible. 10 year bonds futures have sold off this morning by 6 points but there's not much change in 90 day or 3-year futures.