Leading foreign exchange experts Infinity International believe that the UK faces almost two months of uncertainty in financial markets following Prime Minister Theresa May’s decision to call a snap General Election.
The UK-based company says that the fact that the poll will not be held until June 8 offers plenty of opportunity for jitters in the markets because scenarios will change so rapidly.
Infinity International analyst Perry Asforis said: “When the election announcement was made, the markets initially responded favourably because they like strong, stable government and they felt that the Conservatives would win and win well, which would allow for more security during Brexit negotiations.
“However, there is an old saying that a week is a long time in politics and we have the best part of two months until the General Election and much can change.
“I think we will see a lot of uncertainty. The Conservatives may say one thing one day to which the markets respond but Labour or the SNP may come out with something the next that will change opinions.
“I think there will also be uncertainty because nobody really knows what will happen on June 8.
“The polls may suggest a Conservative victory with an increased majority but, following the Referendum vote last year and the election of Donald Trump as President in the United States, we have all learned to never say never.”
Infinity International’s clients benefit from access to the company’s prominent position in the global foreign exchange market, which allows it to secure the most competitive rates. More information can be found at http://www.iifx.co.uk /