What Have We Learned During UK Summer Recess

Summer’s over and it’s back to work this week for U.K. politicians. Here are eight things you should know as Parliament resumes, starting with Brexit and a debate on the repeal act that will convert all existing European Union law into British law.May is secure for nowThere was a point in June when it looked like Prime Minister Theresa May might not make it to the end of the week. She did, and she now seems fairly stable. She’s helped by the fact that for the Conservatives keeping May in place is less painful than removing her. There is also no obvious replacement. Boris Johnson, the perpetual pretender to the throne, has now been foreign secretary for a year, with little sign of the enhanced gravitas that his supporters have always argued he’d display if he was only given a serious job.But she won’t fight the next electionThe other reason May is safe is that she’s promised Tories that she’ll go when they ask her to.

Source: U.K. Parliament Heads Back to Work With Brexit on Its Mind – 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.