Conservatives Retain Cameron’s Seat

British Prime Minister Theresa May’s ruling Conservative Party held the parliamentary constituency vacated by David Cameron but saw its majority cut significantly as thousands of voters flocked to a pro-European Union opposition party.

Just weeks after Britons backed Brexit, former Prime Minister Cameron said he would resign as a lawmaker from the southern English seat of Witney, which bucked the national trend by voting to remain in the European Union.

On Friday, the Conservatives retained the constituency, garnering 17,313 votes, but saw their share of their vote fall from 60 percent to 45 percent compared to the General election result last year.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.