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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 [1]

EUR/USD – Euro Steady as Eurozone CPI Matches Forecast [2]

Risk Abound [3]

USD/JPY – Yen Steady as US and Japan Discuss Trade and North Korea [4]

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Craig Erlam

Craig Erlam [8]

Senior Market Analyst - UK & EMEA at OANDA [9]
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
Craig Erlam

Latest posts by Craig Erlam (see all [8])