Sterling shorts reduced in 'drastic fashion': Investors react to UK snap election

Expect political volatility

Financial commentators have warned of increased market volatility in the coming months as they react to the news of a snap UK General Election in June, but said this could present buying opportunities in mid caps and strengthening sterling.

Steven Andrew, multi-asset manager at M&G "Confident predictions of the outcome of June's vote should be avoided. The path between here and 8 June is unlikely to be a smooth one. "To the extent that this leads to volatility in financial markets, it is important that investors are alive to the potential opportunities that such price behaviour may present. "Appraising the UK investment landscape in this context suggest to us that equity assets remain attractively priced - especially in the context of a robust UK and strengthening global economy. "With that in mind, we would look to...