Tories Maintain Hard Brexit Stance in Manifesto

Prime Minister Theresa May took a hardline approach to Brexit, promising British voters she would deliver a clean break from the European Union and warning again that no deal with the bloc was better than a bad one.

In publishing her Conservative Party’s manifesto on Thursday, May locked a future Tory government into her plans for a hard Brexit: remove Britain from the single market and customs union; “reduce and control” EU migration. She also rejected the continent’s proposed negotiating schedule and pledged to stop “making vast annual contributions” to Brussels.

May set out her Brexit goals in black and white, a critically important move given that talks with the EU could begin as soon as the day after the June 8 election. Assuming opinion polls are correct and her Tories are re-elected, the document will form the blueprint that guides the government through Brexit in 2019 and out to 2022.

Bloomberg

Risk Aversion Remains on Trump Concerns

Lame Duck Scenario has Dollar on Defense

The Peso Gets Real In Asian Trading

Political Pandemonium

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.