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Quarterly Newsletter - Spring 2015

With the UK general election less than two weeks away and having to endure vast daily media output on the subject, we thought we would spare you the pain of yet more commentary, other than to say that the polls have the two main parties running neck and neck, suggesting a hung parliament which, from an investor’s point of view, is the worst possible outcome.  Financial markets simply hate uncertainty, and the result is highly likely to give us plenty of that!

Stepping away from our shores, Europe, or to be specific the eurozone, faces similar uncertainty as Greece and the troika (ECB, European Commission and the IMF) grapple with the problems of Greece’s insolvency.

Athens is keen to receive the final tranche (€7.2bn) of the second bailout package ...