May Targets Boost to EU Negotiation Stance From Election

Prime Minister Theresa May said on Wednesday an early election would strengthen her at the “most crucial point” in Britain’s divorce talks with the EU, as she prepared to ask parliament to approve a vote in just seven weeks’ time.

May surprised allies and opponents on Tuesday when she announced her plan to bring forward an election that was not due until 2020.

The former home secretary, who became prime minister without an election when her predecessor David Cameron quit after last year’s referendum vote for Brexit, said she needed to strengthen her hand in negotiations which will reshape Britain and test the cohesion of the EU.

Reuters

EUR/USD – Euro Steady as Eurozone CPI Matches Forecast

Risk Abound

USD/JPY – Yen Steady as US and Japan Discuss Trade and North Korea

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 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