Clegg Puts Spanner in Election Race

The pound fell broadly early this morning on the foreign exchange market.  Why?

Last night the three main political parties took part in a television debate, with Liberal Democrats leader Nick Clegg winning the majority of audiences.  While Gordon Brown (Labour) and David Cameron (Conservatives) may have been expecting an easier ride, Clegg used his moment in the spotlight to appeal to viewers and the studio audience with what he hoped was a fresh approach.

But while the Lib Dems might be enjoying their newfound popularity stakes, it does throw a spanner in the works for the outcome of the general election.  With Clegg’s new level of support, the other parties will once again be left in a very similar bracket – meaning a hung parliament is back on the cards.

Once again, investors are wary of the pound.  Once again, the election race takes a new and interesting twist.

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