May Targets Boost to EU Negotiation Stance From Election

Prime Minister Theresa May said on Wednesday an early election would strengthen her at the “most crucial point” in Britain’s divorce talks with the EU, as she prepared to ask parliament to approve a vote in just seven weeks’ time.

May surprised allies and opponents on Tuesday when she announced her plan to bring forward an election that was not due until 2020.

The former home secretary, who became prime minister without an election when her predecessor David Cameron quit after last year’s referendum vote for Brexit, said she needed to strengthen her hand in negotiations which will reshape Britain and test the cohesion of the EU.

Reuters

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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.