06 May 2010

Election 2010 - D Day

Election day has dawned at last! With over 40 million people registered to vote and a tensely-awaited result, it looks set to be an exciting one. At least, that is how it looks for observers - for the financial markets around the world, the best word to use is perhaps less 'exciting', more 'nervous'.

With a hung parliament now widely expected, the UK could be in for more in the way of slow economic recovery. The deficit, already sky high, is expected to reach 12% of GDP this year - higher than that of Greece!

Talking of Greece, the euro fell once more on the worrying situation there. On Wednesday, riots erupted during the 48-hour general strike, resulting in the deaths of three people.

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