There’s only one story in the UK this morning – it’s the day Britain goes to the polls. It’s no exaggeration to say that this election is probably the most important of the century so far. If the ruling Conservative party wins a clear majority, then some form of Brexit is almost certain to go ahead.
If the Conservatives fail to win a majority, then, depending on the final makeup of any government, Brexit will likely be delayed or even derailed, with a second referendum or even outright cancellation on the cards.
In the run up to this election, polls have so far suggested that a majority for the Conservative party is the most likely outcome. But if the last four years or so have taught us anything at all, it’s that the “most likely” outcome is not always the one that wins out on the day.
The polls open at 7am and close at 10pm, at which point we will get an exit poll, which could be market moving.
Sign up to Money Morning daily email
NEWS & COMMENTARY
Gold little changed as U.S. tariff deadline approaches
United Kingdom votes to decide the fate of Brexit, again
Sterling derivative markets flash red as British election gets underway
Swiss National Bank indicates negative rates to stay for long haul
Saudi Aramco shares surge 10% as historic IPO begins trading (valuation of $1.88 trillion)
After year of living dangerously, Fed likely to signal time to lay low
| The Fed is expected to hold rates steady and vow to keep short-term lending markets stable Repo rupture at year-end could lead to ‘QE4’ – Credit Suisse analyst |
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
11-Dec-19 1468.05 1466.80, 1116.89 1112.71 & 1324.92 1322.47
10-Dec-19 1464.45 1464.95, 1112.25 1112.04 & 1322.69 1322.26
09-Dec-19 1463.60 1461.70, 1112.04 1111.48 & 1323.09 1320.06
06-Dec-19 1474.85 1459.65, 1122.80 1112.40 & 1328.54 1320.25
05-Dec-19 1474.60 1475.95, 1122.76 1122.31 & 1329.65 1329.54
04-Dec-19 1475.85 1475.10, 1131.53 1125.94 & 1332.54 1327.89
03-Dec-19 1470.40 1477.30, 1132.50 1136.78 & 1328.51 1333.12
02-Dec-19 1457.50 1461.15, 1130.00 1130.05 & 1323.26 1321.17
29-Nov-19 1456.35 1460.15, 1129.55 1131.32 & 1323.24 1327.42
28-Nov-19 1457.55 1454.65, 1127.27 1127.35 & 1323.60 1321.84