Snap General Election: “Sterling has stabilised and is slightly up on the day…”

Shilen Shah, Bond Strategist at Investec Wealth & Investment, said: “After much speculation this morning, the Prime Minister has confirmed that she is calling an early general election to fully implement the Brexit process.

“Following some initial weakness ahead of the statement, Sterling has stabilised and is slightly up on the day. Gilts yields have also been stable, with the 10-year yield hitting a session low of 1.01%.Overall, today’s announcement suggests that PM wants full control of the Brexit process without any interference from the opposition.”