U.K General Elections Set for May 6

In the U.K., Prime Minister Gordon Brown announced that General Elections will be held May 6. It is thought that the election will be the hardest fought in many years.

Mr Brown made the announcement after visiting Queen Elizabeth II at Buckingham palace to request the dissolution of parliament.

A recent poll had Brown's ruling labour party with 33 percent of the vote, Conservatives with 37 percent and Liberal Democrats with 21 percent. Other polls showed the surging Conservative party with a 10 point lead.

In response to the news, The Bank Of England said it would delay its May monetary policy decision from Thursday, May 6 until Monday, May 10.

Investors may want to keep an eye on U.K-based banks into the elections:
Lloyds Banking Group plc (NYSE: LYG)
Barclays PLC ADS (NYSE: BCS)
Royal Bank of Scotland Group Pl (NYSE: RBS)

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