SaxoTV

#Election2015: Cameron result a 'dream come true' for markets

360 views
May 08, 2015 beecroft, british, business, cable, cameron, content, david cameron, dollar, dream, election, election result, euro referendum, euro sterling, euro vote, euro vote 2017, europe, europea, european union, finance, forex, forex newx, gbp, gbpeur, gbpusd, markets, news, nick, nick beecroft, owen, owen thomas, pound, pound gains, result, saxo, saxo bank, saxo capital markets, saxo tv, saxotv, sterling, sterling dollar, sterling gains, thomas, traders, trading, trading gbp, trading sterling, tradingfloor.com, uk, uk election, ukelection, united kingdom, video
'A dream come true' for the markets; that's how Nick Beecroft is describing the surprise result in the UK general election, at least in the short term. The Chairman of Saxo Capital Markets says there could be more gains for sterling, notably against the euro. However, Cable may have topped after gaining significantly in early European trade this Friday, he says. 
Nick dismisses claims that Cameron's government will be weak and riven by in-fighting over Europe. Markets, he says, are taking the promised referendum on Britain's membership of the European Union in their stride, he says. He's confident this result strengthens Britain's hand in Europe and the country will vote to stay within the EU.