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Are the currency markets Cameron’s secret weapon?

March 2nd, 2010

Should you be betting against a hung parliament?

Several of the front pages highlight the reaction on the currency markets to the suggestions that the coming election might produce an inconclusive outcome.

With the nation voting in the most difficult financial circumstances the idea that Britain’s plight could be made worse if no party gets an overall majority seems like a pretty potent message to me.

Just imagine the reaction if it dominated the closing days of the campaign.

This story looks set to flare-up time and time again in the coming weeks and could start to drive the narrative. Good news for the Blues I believe.

William Hill and Victor Chandler both have “hung parliament YES or NO” markets. The former’s no price is 1/2 while the latter’s is 4/7. You can also lay the option in the Betfair overall majority market.

If you think that there’s no chance of Labour majority then PaddyPower,Ladbrokes, William Hill, Victor Chandler and Bet365 all have a Tory overall majority at 4/7.

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  • Mike Smithson