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There’s another three weeks left before the general election, offering the potential for more twists and turns. But based on recent polling, a result could be coming that sends FTSE 100 shares through the roof.
All of the major political polls put Labour firmly on course to secure a parliamentary majority in early July. According to Sky News, Keir Starmer’s party has a commanding 21-point lead over Rishi Sunak’s Conservatives.
If history repeats itself, this could lead to a 35% jump in the value of Footsie shares over the following 12 months.
History repeating?
That’s according to analysis from eToro, which has looked at stock market data following Labour’s last general election victory in 1997.
Back then, the FTSE 100 index rallied 17% in the year to election day, according to the broker. And it rallied more than a third in the following 12-month period.
Dan Moczulski, Managing Director at…
