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Election Not a Lifeline For Anti-Brexit Campaigners

For those who believe Brexit is a terrible mistake that could be undone, Prime Minister Theresa May’s decision to call a snap election offered a moment of hope followed by a hard dose of reality.

After her announcement, Stephen Dorrell, chairman of the European Movement, emailed supporters to say “it is not too late to change our minds.” That might involve voting May out of power and holding a second referendum, a scenario that even the most optimistic europhiles see as politically implausible.

“If you held a rerun of the referendum tomorrow, you’d get the same result,” said James McGrory, director of Open Britain, the campaign for keeping the U.K. close to the European Union.

Bloomberg [1]

Unwind of the Unwind Continues [2]

USD/CAD Loonie Lower After Gasoline Stocks Cause Oil Price Drop [3]

Possible Scenarios for French Presidential Election [4]

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 [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 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 Erlam

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