We have previously stated that while the US Presidential election was important, it is progress on a coronavirus vaccine that will have a far greater impact on global equity markets as a vaccine will allow economies to fully reopen and thus speed up the economic recovery.

The BoE cut UK interest rates this morning by 0.5% to 0.25%.

“Leave” won the 2016 EU referendum by a small majority, the Conservatives won the 2019 general election by a land slide.