Goldman Sachs also have a higher degree of confidence on the UK's fiscal policy than almost anywhere else
(ps. from a GS note from late last week)
- "Both major parties are effectively committed to higher government spending"
Near-term risk is a hung Parliament which would extend the Brexit uncertainty further and may even prompt BoE rate cuts ahead.
Recommends short EUR/GBP
- target 0.82
- stop at 0.88