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Group Finance Director
FTSE 100 Company

General election and what happens now?


Markets were poorly prepared for this surprise result in UK.

"The only thing we can be certain of now is that political uncertainty will rise significantly, as will the required premium for UK assets" says Michael Metcalfe, global head of macro strategy at State Street Global Markets.

The election outcome has also impacted Brexit strategy, which in turn will create more uncertainty for businesses in the long-term as they wait for a clearer path to be set.

"Moving forward on Brexit negotiations is going to be very difficult. The date for starting the negotiations will be pushed back further. 

"It is a shock that markets were not well prepared for, and in response sterling is likely to remain under pressure."

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