Miners were also trading higher, despite the prospect of the first hung parliament in 70 years in Australia, after unclear results from Saturday elections.
IF THERE is one reason why a hung parliament produced Britain's first coalition government for 65 years, it is the dire state of the public finances.
Accordingly, it was no surprise that sterling and the gilt market recently wobbled, especially in the wake of opinion polls pointing to the possibility of a hung parliament.
This week’s fashionable reference—after an outlying opinion poll suggested the Tories’ lead over Labour had shrunk to six points—is 1974, the last time an election resulted in a hung parliament.
For all the focus on Mr Abhisit and Ms Yingluck, if neither wins an outright majority of seats, then it will (as usual) be Thailand's smaller parties that play a decisive role in a hung parliament.
