EU Behind May’s Decision to Hold Snap Election

European officials have indicated a desire that the upcoming snap election in Britain will lead to a “strong” leadership in Westminster and bring more clarity to current Brexit negotiations.

Capitals across Europe have been left surprised with the announcement by U.K. Prime Minister Theresa May on Tuesday, who called for an early election on June 8, but officials do not foresee any impact on the U.K.’s process to leave the European Union.

One EU official, speaking on the condition of anonymity due to the sensitivity of the Brexit process, told CNBC Wednesday that May’s announcement “does not change things”. “This is a domestic matter for the UK. But we have some hope that this will lead to a strong leader in London that can negotiate with us with strong backing by the electorate,” the official said.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
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 Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. 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.