The stock and currency markets had waited patiently to find out exactly what the next Government planned to do to tighten fiscal policy and manage the debt situation. However, with election votes resulting in a hung parliament, patience wore thin and the markets took a hit. No-one likes uncertainty and with no decisive conclusion, it seems that we are all still some way off knowing just what fiscal measures are to be implemented. The concern is that with a weak Government, action will not be tough enough to reduce the debt quickly. And with talk by some commentators of a re-election possibly taking place in a matter of months and not the 1year timeframe, half way measures are seen as a real concern. The energy markets will feel the impact as the currency effects filter through. read more ...