The U.K. is heading for a General Election on July 4, and history may indicate a neutral to positive stock market reaction if the Labour Party ousts the Conservatives, analysts said.
A Labour victory would oust the right-wing Conservative Party led by Prime Minister Rishi Sunak, who announced the July 4 vote last week. Even if Labour does not achieve a parliamentary majority, it could seek a coalition partner with a smaller party to form a government unless the Conservatives deliver a surprise outperformance.
According to Capital Economics, the U.K. stock market has faltered on five occasions under past Labour governments.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Investingcom - 🏆 450. / 53 Read more »