SaxoTV

Jakobsen: Where does the UK election result leave the Left?

419 views
May 14, 2015 bank, bank of england, bri9t, britain, britain outlook, british, british banks, british economy, british election, british jobs data, british museum, british pound, dtse, economic, economiceco, economics, economy, election, election promises, election results, election2015, elections, elections economy, engineering, england, equities, equity, equity market, equity strategy, eur, euro, euro dollar, europe, european, european central bank, european economy, eurozone, eurusd, foreign exchange, forex, forex idea, forex market, forex markets, forex trading, ftse, ftse 100, ftse index, ftse100, fx trading, gb, gbp, gbp falling, gbp trading, gbp trading 2014, gbp usd, gbp weakening, gbpeur, gbpusd, gbpusd trade idea, left, left wing, london, london metal exchange, london stock exchange, mac, macro, macro data, macro economics, macro economy, macro economy us, macro econonomics, macro eurozone, macro event, macro events, macro housing, macro outlook, macro policy, macro strategy, macro uk, macro us, macro-economics, macroeconomic, macroeconomic data, macroeconomicdata, macroeconomics, macroprudential, macros, policies, policy, policy makers, policy meeting, policy revolution, policy unchanged, policymakers, political, political crisis, political drama, political risk, political turmoil, politicians, politics, politics currency markets, poll, polls, polls narrowing, pollution, política monetaria, saxo tv, steen jakobsen, tradingfloor.com, uk economy, uk election, uk gdp, uk growth, uk inflation, uk pound, uk rates, uk recovery, uk unemployment, vote
The Conservative victory in the UK has left Britain's Labour party battered and leaderless at a time when a left-wing argument should, arguably, be appealing to voters weary of austerity and a negative economy. Instead the UK electorate seemed to be more interested in stability just as the end of austerity may be in sight. A sense of 'better the devil you know' perhaps influenced the late rally to the Tories on May the 7th.

Steen Jakobsen, Saxo Bank's Chief Economist, analyses the results and tries to interpret what the outcome may mean for the future of the centre-left movement in Europe.