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Hung Parliament leaves markets dangling

7th May 2010

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Guzelian

THE financial markets reacted with uncertainty this morning to the prospect of a hung parliament.

With no party holding a clear majority at 8am the FTSE 100 opened down 85 points, or 1.6%, at 5,175. Sterling is also down against the euro and the dollar.

The City wanted to see a party emerge with a clear mandate to act quickly on public borrowing.

However, worldwide economic sentiment has also been dented by the continuing debt crisis in Greece and the potential impact of a weak eurozone. Stock markets around t......for the full story register now for free or login below...


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