No risk premium for the GE?

Clearly influenced by polling data, rightly or wrongly, investors appear to be ignoring the 12th December General Election.

The companies most impacted by the nationalization plans of a Jeremy Corbyn led Labour government, BT Group, Go Ahead Group, National Grid, Pennon, Royal Mail, Severn Trent, Stagecoach have moved up in the election run-up (see below). This suggests investors are not viewing a Corbyn government as a likely outcome.

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