It was just what the City did not want. Gordon Brown's statement this afternoon that he is ready to do a deal with Nick Clegg if talks between the Liberal Democrats and the Conservatives come to nothing suggests Britain is in for a weekend of political horse-trading. The timing for such haggling could hardly have been worse.
Aftermath of a general election or not, it was always going to be a torrid day in the City. The four weeks of the election campaign have seen a steady deterioration in sentiment on global financial markets, and the anxiety led to a spasm of selling on Wall Street in the final few hours of polling.
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