Will the election usher in a new era of instability?

In the final countdown to the general election, there were no signs that the campaign had changed anything.

In the final countdown to today's general election, there were no signs that the campaign had changed anything. The two main parties remained deadlocked at around 32% of the vote each; the Tories were exhorting Ukip voters to rejoin the fold; Labour was still insisting there would be no formal deal with the SNP; and both parties were discussing what sort of arrangement would be deemed legitimate in the likely scenario of a hung parliament.

Meanwhile, markets are increasingly jittery. One-week sterling/dollar implied volatility hit a four-year high, suggesting that investors are feeling more concerned about fluctuations in the pound's value than at any time since the aftermath of the last election.

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Andrew Van Sickle
Editor, MoneyWeek