Election impact on investments

[Deleted User]

If the exit poll is to be believed, Conservatives get a strong majority and Labour fall to the worst result since 1922.

I count in CAD but have a decent fraction of my portfolio in GBP. That jumped by 2% on the announcement as GBP soared. DB pension income is also to gain in value. Expect further gains when the stock market opens.

Neat. The number one threat to the economy has gone, soon to resign. The Brexit uncertainty is less than it was an hour ago.

This isn’t the end but it’s a good start.

bigadaj

Deleted_User wrote: »

If the exit poll is to be believed, Conservatives get a strong majority and Labour fall to the worst result since 1922.

I count in CAD but have a decent fraction of my portfolio in GBP. That jumped by 2% on the announcement as GBP soared. DB pension income is also to gain in value. Expect further gains when the stock market opens.

Neat. The number one threat to the economy has gone, soon to resign. The Brexit uncertainty is less than it was an hour ago.

This isn’t the end but it’s a good start.

No result has been announced yet!

Kendall80

bigadaj wrote: »

No result has been announced yet!

But exit polls are usually a very accurate prediction. Conservative majority it is. Probably between 60 and 100 seats. Huge loss for Labour. Many on here will be very pleased with that.

[Deleted User]

First results indicate the collapse of the Labour vote share which aligns with the exit poll.

redpete

Deleted_User wrote: »

The Brexit uncertainty is less than it was an hour ago.

I don't share your confidence. There will be many months of negotiation on the huge amount of detail that is not included in the withdrawal agreement and many months of negotiating new trade deals with the rest of the world.

[Deleted User]

I have no idea how long it will take but the probability of a negotiated deal with the EU has increased dramatically. Also look forward to a Canada-UK trade deal.

JoeCrystal

Deleted_User wrote: »

I have no idea how long it will take, but the probability of a negotiated deal with the EU has increased dramatically. Also, look forward to a Canada-UK trade deal.

Frankly, it will take about five to ten years or so before we may get over the economic cost of leaving the EU. Brexit still has not happened though, and the good thing about the Tory majority is that they will bear the full blame of possible Brexit fallout. It will be more of the same; I am afraid as the Conservative Manifesto is very vague and light on their plans.

[Deleted User]

There will be a cost to Brexit but probably a higher hit that has already happened resulting from the uncertainty and the threat of the no-deal.

Mistermeaner

If you hold a globally weighted diverse portfolio (or indeed single global fund) I believe you would see it’s value dip on the basis of a stronger pound

This is good if still accumulating as you can now buy more foreign equity than you could before

[Deleted User]

Mistermeaner wrote: »

If you hold a globally weighted diverse portfolio (or indeed single global fund) I believe you would see it’s value dip on the basis of a stronger pound

This is good if still accumulating as you can now buy more foreign equity than you could before

If you counted in GBP, this currency jump wouldn’t have helped. I count in CAD and have a lot of stocks and DB pension in GBP so all is good. Besides... the overall market is up today for the globally diversified portfolio.

Triumph13

I had a holiday deposit to pay in Euros which I chose to do yesterday just in case labour did better than expected and the pound collapsed - so basically everything is my fault.