The general election is not too far away. 7th May, and it looks like we could be headed for something we haven’t seen in British politics for a long time, a hung government. A recent Poll by the Guardian shows the Tories with a 6 point lead at 39%, which might not be enough for a majority. This time round according to the poll the Tories would even have a hard time in forming a majority with the Liberal party, with a poll at 8% it probably would take a third party to form a government. That leaves the choice down to the UKIP which, being a populist movement, may not go down well with the markets. Technically the down trend looks still intact, although the weekly chart is beginning to show signs of oversold. The monthly chart looks like it’s broken a major support line of the wide range it’s been in since 2009.

You must be logged in to reply to this topic.