What does election result have in store for Mr Market?

In the current scenario of European peripheral countries facing sovereign debt related problems, resulting in unrest in the other asset markets, UK has been trying hard to save its face by trying to cut its growing deficit. We also had some positive economic data supporting the sterling. All the parties in the election race vows for cut in spending and make the fiscal position stable. Some tried last minute change in strategy, to woo voters against the steep cut that could spell a problem in their normal life, sponsored by the government. With hung parliament,and the expected move to form government with coalition, what will the key market participants look for? Along with election results, outcome of German voting for Greek deal and April US NFP will be closely watched for further direction.
Whats your take on it?