'UK Prime Minister Rishi Sunak Set To Call For July 4 General Election, Sky News Reports' - CNBC
Portfolio Pulse from Benzinga Newsdesk
UK Prime Minister Rishi Sunak is set to call for a general election on July 4. This announcement comes as UK inflation dropped to 2.3% in April, nearing the Bank of England's 2% target. The Conservative Party, currently lagging in the polls, hopes for an improved economic environment.
May 22, 2024 | 3:52 pm
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NEUTRAL IMPACT
The iShares MSCI United Kingdom ETF (EWU) may experience increased volatility due to the upcoming UK general election and recent economic data showing a drop in inflation.
The announcement of a general election and the recent drop in inflation are significant events that could impact the UK market. As EWU tracks UK equities, it may experience increased volatility. However, the direction of the impact is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80