Home/Newsfeed

Britain’s Labour Set to Take London After Bitter Mayoral Campaign

Share Print 0

Sadiq Khan, a Muslim opposition lawmaker, is on course to be elected London’s mayor on Thursday, loosening the ruling Conservatives’ hold on Britain’s financial centre after a campaign marred by charges of anti-Semitism and extremism.

The fight to run the British capital has pitted the Labour Party’s Khan, 45, the son of a bus driver who grew up in public housing, against Conservative Zac Goldsmith, 41, the elite-educated son of a billionaire financier.

But rather than their social backgrounds, it has been accusations of smears over Khan’s Muslim faith and anti-Semitism in the Labour Party that have dominated the campaign to replace Conservative Boris Johnson as mayor of the city of 8.6 million people which is usually known for its tolerance.

Reuters

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

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.
Craig Erlam

@@craig_forex

Craig Erlam

Latest posts by Craig Erlam (see all)

, ,
Back to Top