Making political capital: the behaviour of UK financial markets during Election 97

James M. Steeley

Research output: Contribution to journalArticle

Abstract

This article examines the behaviour of the UK capital markets during the overnight trading period that coincided with the announcement of the results of the UK general election in May 1997. Evidence that the financial markets responded to the evolving pattern of results is found. In addition, the consensus move experienced as the markets opened the next trading day was influenced by the extent of the moves that had already occurred overnight.
Original languageEnglish
Pages (from-to)85-95
Number of pages11
JournalApplied Financial Economics
Volume13
Issue number2
DOIs
Publication statusPublished - Feb 2003

Keywords

  • UK capital markets
  • general election
  • UK
  • 1997

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