UK election brings certainty but concerns remain

Author: Jimmie Franklin | Published: 13 Dec 2019

City of London workers appear confident if cautious following the UK election result that has returned the Conservative Party to power. The party ran its campaign with a commitment to take the UK out of the European Union, following two delays to the original exit date of March 29 2019.

With Boris Johnson now confirmed to continue as British Prime Minister, the likelihood is that the UK will be departing the trading bloc in the coming weeks.

"With this result there is good, yet there is also reason to be cautious," said Miguel Ramos Fuentenebro, partner at asset management firm, Fair Oaks Capital. "The positive thing is that there is a mandate for stable government. The pound reaction yesterday to the exit poll highlighted this. We have certainty on the direction that the country is going to take."

However, he was clear that what it is going to take to...