JP Morgan says a Labour win in the UK election would be a net positive for UK markets:
- Labour party is occupying a centrist platform
- perception of policy paralysis is set to move behind us
- Labour agenda is modestly pro-growth
- with a likely cautious fiscal approach
Much of the note is picking apart impacts on various sectors of the economy, but more broadly JPM note that since 1970 a Conservative election win sees an average 1% gain in a month for the UK stockmarkrt, while a Labour win sees an average 2% fall. But, this time:
- "a Labour win will likely be seen as a positive for the UK market”
![sunak starmer 24 May 2024 2](https://images.forexlive.com/images/sunak%20starmer%2024%20May%202024_id_e8ec58e4-83b8-41de-b0f2-42150b402979_original.jpg)
The contenders, Sunak and Starmer. The election is on July 4.