Viewing ‘Coalition’, a Channel 4 TV political show in late March I couldn’t help imagining that the furious days in 2010 when Nick Clegg’s LibDems shaped a Government with the Tories in Britain may well be rehashed after the 7 May general decision – yet by diverse gatherings. How this situation plays on Sterling will surely be observed nearly.
One scene in the show demonstrated senior Tories going to a meeting with LibDem partners post an uncertain general decision result, being given Bank of England and HM Treasury instructions papers. Authorities focused on that inability to determine matters rapidly over a hung parliament would unsettle the business sectors. What’s more, if there’s one thing markets don’t care for its vulnerability.