UK Election Campaign Starts

• The U.K. election campaign starter gun has unquestionably been fired and the first significant speech from Labour Party leader Jeremy Corbyn will arrive on Thursday.
• He’ll reiterate many of the pledges already made by his party, including re-nationalizing swathes of British industry, and will attack a “corrupt system” filled with “tax dodgers” and “bad bosses.”
• Traders, however, are more worried about the threat posed by Brexit champion Nigel Farage than by the socialist agenda of Corbyn while companies face a difficult choice too.
• Consumer confidence, by the way, has hit a six-year low with Britons fretting about their finances.

(Source: Bloomberg)