There is no doubt this election result is bad for the City. The uncertainty of being run by a minority government means the Prime Minister will have a weaker hand in Brexit negotiations and any chance the City had in pushing for sensible, non-populist policies has been diminished.

This is no surprise to readers. Just before the election, a poll of readers showed three quarters felt a Conservative majority would be the best outcome for the City. Hardly anyone – less than one in five – wanted a hung parliament. More than one in four said such a scenario would be the worst outcome.