“Hard Brexit” Plan is Dead in the Water: Scotland’s Sturgeon

Supporters of a so-called hard Brexit have been left “dead in the water” by British Prime Minister Theresa May’s failure to secure a parliamentary majority in last week’s election, Nicola Sturgeon, the head of Scotland’s devolved government, said.

“The Tory (Conservative) cabal kicking up a hard Brexit approach is dead in the water,” Sturgeon told Sky News television on Monday.

Sturgeon, leader of the Scottish National Party, has long opposed plans to take Britain out of the European Union’s single market, something May has previously said she plans to do in order to control migration from the bloc into Britain.

Sturgeon also said the election results “raises a very real question about whether this prime minister actually can put together a functioning government.”


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.

Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell