Investing.com – The U.K. election is fast approaching, and JPMorgan (NYSE:) takes a look at the potential accompanying equity strategies.
The U.K. general election is set to take place on July 4, and the polls are consistently pointing to a victory for the opposition Labour party.
“We believe the market impact will be net positive,” analysts at JPMorgan said, in a note dated June 10. “The current Labour party is occupying a centrist platform, and the perception of policy paralysis is set to move behind us.”
The Labour agenda is modestly pro-growth, but crucially with a likely cautious fiscal approach, the bank said, adding given the lack of fiscal space, Labour will likely focus on supply-side reforms to help improve economic growth.
The likely Labour win would be positive for:
1) Banks – Political and policy stability from a Labour party win would be supportive for the sector, particularly absent any risks around…
