EU Behind May’s Decision to Hold Snap Election

European officials have indicated a desire that the upcoming snap election in Britain will lead to a “strong” leadership in Westminster and bring more clarity to current Brexit negotiations.

Capitals across Europe have been left surprised with the announcement by U.K. Prime Minister Theresa May on Tuesday, who called for an early election on June 8, but officials do not foresee any impact on the U.K.’s process to leave the European Union.

One EU official, speaking on the condition of anonymity due to the sensitivity of the Brexit process, told CNBC Wednesday that May’s announcement “does not change things”. “This is a domestic matter for the UK. But we have some hope that this will lead to a strong leader in London that can negotiate with us with strong backing by the electorate,” the official said.

CNBC

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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 BNN. 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