UK: Election results instil fears over British exit from the EU

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David Cameron’s surprising victory for the UK Conservative party generated a huge relief demonstration for the British pound despite fore-warnings over the impact of an impending UK exit from the EU. A Referendum on the European Union and a possible fresh vote on Scottish independence may also be on the cards. The Conservatives party plan to eliminate the public deficit by the end of 2017 by a decrease in borrowing over the course of the next parliament. Which in turn suggests the sterling’s even further growth, however concerns remain over other newly introduced policies.