Courtiers Wealth Management
Courtiers Wealth Management

News & Insights

Election Day Results

Global markets news

Allow 'Marketing' cookies
to watch this video.

“A leader is a dealer in hope”
Napoleon Bonaparte

Apart from the Atlantic, there is another factor that separates the US President from the UK Prime Minister…one is an outstanding campaigner and a lousy administrator – the other is the polar opposite.

Theresa May is my local Member of Parliament. When she knocked on my front door during her 2015 election campaigning, she was greeted by two over-energetic Battersea rescue dogs and a man who’d rushed out the shower. She was unflustered, articulate and confident. I liked her already. I liked her even more after that day, and you will find very few of her constituents that have anything but the highest regard for her abilities.

Unfortunately, despite being presented with seemingly endless opportunities to finish off her opposition, she just wasn’t able to do so. I can only conclude that Jeremy Corbyn must have read Napoleon Bonaparte as well as Karl Marx because, as the French emperor prescribes, he dealt hope at any and every opportunity.

I am not sure what today’s election outcome means for Mrs May’s future as PM (personally, I hope she stays), or the implications for our Brexit negotiations with the EU or UK fiscal and monetary policy. My best guess is that the Tories, despite their reputation for ruthlessness, will give their leader a chance, the Brexit negotiations may be a little easier and UK fiscal and monetary policy will be softer as the British electorate are developing a strong distaste for austerity, especially when opposition parties are promising hand-outs. If I am right, UK bond prices will ease and equities will be preferred. Either way, there will be lots more surprises to come and we will be ever-mindful to protect against sudden bouts of volatility as best we can.

Warning – the views expressed by Courtiers in this summary and any video and video transcripts, are reached from our own research. Courtiers cannot accept responsibility for any decisions taken as a result of reading this document, watching the featured video or reading the video transcript and investors are recommended to take independent professional advice before effecting transactions. The price of stocks, shares and funds, and the income from them, may fall as well as rise. Past performance is not necessarily a guide to future returns.

We do not endorse nor accept responsibility for the content of any website not operated by Courtiers which you may visit by following a link from this article.

Share Article

Subscribe to News & Insights

This field is required
This field is required
Please provide a valid email address
Please accept