Labour leader Ed Miliband rules out deal with SNP
Mike covered the news over the weekend that Miliband had said he was not interested in any deals with the Scottish party and a Labour/SNP coalition was potentially viewed as one of the least market friendly results
We can never say never in politics and the indications still point to a hung parliament after the election next week
The latest BBC "poll of polls" has the race neck and neck with both the Cons and Lab at 33%. The Cons lost one point since the last tot up
BBC poll of polls
Looking at the bookies the money is going to a Labour minority, but most of the betting is towards something other than a Con/Lib or Lab/SNP coalition
Betting next UK government
The Cons still lead in the seat number betting
Betting most seats
Market wise, Reuters report that volatility isn't really increasing and that the election risk isn't being priced in yet. Of course that could all change in a heartbeat and I suspect we'll start to see vols rise after the FOMC.
