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'City' shivers at British election suspense

British stocks are expected to continue to win support from the stimulus measures carried out by central banks around the worldBritain’s political outlook is far from clear ahead of Thursday’s general election, risking a period of uncertainty for London’s financial district, something the City never welcomes. “Markets may be in for a very bumpy ride in the immediate aftermath of May 7th,” said Oliver Harvey, foreign exchange strategist at Deutsche Bank. Prime Minister David Cameron’s centre-right Conservatives, in power since 2010 as part of a coalition government, are neck and neck with the opposition Labour party in opinion polls. Experts say that Britain is set for a hung parliament, meaning that the Conservatives or Labour will have to team up with a smaller party to govern.

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