How is the upcoming US election shaping markets? | Morning Markets

Kevin Kidney, Head of Asset Allocation, looks at the imminent US election and how it is currently affecting markets. While both candidates are not expected to change the US growth outlook, nuances in policy could affect wider markets such as in the UK where the Bank of England has a decision on interest rates. This places them as the first financial institution to have a decision on monetary policy and given the close relation of the US and US, markets will have a keen eye whether they decide to continue with a further 0.25% cut or change course following the budget announcement.