New Post-Election Brexit Scenarios

June 12, 2017 Share Print 0

Brexit is increasingly looking like a choice between a soft deal or no deal.

That’s the upshot of British Prime Minister Theresa May’s failure to win a larger parliamentary majority to give her a buffer against the demands of either pro-Europeans or euroskeptics in her Conservative Party.

She’s instead still caught between the two sides. Bow to one and she will be vulnerable to attack by the other, threatening her ability to secure the votes she needs to pass Brexit-related legislation and ultimately the deal she negotiates.

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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 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.