Nobody expects the UK election to be a market moving event or a surprise. The opinion polls are strongly skewed towards a victory for Keir Starmer’s Labour. Moreover, the policy differences between the two main parties are much smaller than they were in 2019. This time both parties are pledging to stick to fiscal rules and to stay outside the EU Single Market. Either party will inherit severely strained public finances, limiting their room for spending or major changes.
HOWEVER – November’s US election is a different matter altogether. The polls are close enough for either Biden or Trump to win the Presidency and there are major differences with massive geopolitical forces hanging on the outcome.
If you want to discuss your funds now (or in November), speak to your adviser.