Election Not a Lifeline For Anti-Brexit Campaigners

For those who believe Brexit is a terrible mistake that could be undone, Prime Minister Theresa May’s decision to call a snap election offered a moment of hope followed by a hard dose of reality.

After her announcement, Stephen Dorrell, chairman of the European Movement, emailed supporters to say “it is not too late to change our minds.” That might involve voting May out of power and holding a second referendum, a scenario that even the most optimistic europhiles see as politically implausible.

“If you held a rerun of the referendum tomorrow, you’d get the same result,” said James McGrory, director of Open Britain, the campaign for keeping the U.K. close to the European Union.

Bloomberg

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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.