New Post-Election Brexit Scenarios

Brexit is increasingly looking like a choice between a soft deal or no deal.

That’s the upshot of British Prime Minister Theresa May’s failure to win a larger parliamentary majority to give her a buffer against the demands of either pro-Europeans or euroskeptics in her Conservative Party.

She’s instead still caught between the two sides. Bow to one and she will be vulnerable to attack by the other, threatening her ability to secure the votes she needs to pass Brexit-related legislation and ultimately the deal she negotiates.

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.