UBS say the US election result may not be known for more than a month after November 5

UBS on the US election result:

• The election outcome may not be known for several weeks after the ballot closes on 5 November. The prospect of recounts and legal contests means that the winner might not be known before 11 December, the deadline for states to declare their electoral college votes. And even that date might not fully draw a line under the outcome if the result is still undecided or contested. Investors deferring investment plans in anticipation of the election result therefore need to factor in the potential risk and cost of a potentially long wait.

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I very much doubt this. I don’t know which political experts UBS is employing or using as consultants. Not knowing until after December 11 seems extreme. But h

We’ll see.

This article was written by Eamonn Sheridan at www.forexlive.com.