Spain: New elections in November – ING
|Steven Trypsteen, economist at ING, notes that in Spain, King Felipe VI met with the main party leaders to see if Sánchez would have enough support to form a government and the king decided he has not which implies that there will be new elections on 10 November, the fourth time in four years.
Key Quotes
“The key conclusion we can draw from opinion polls is that the political landscape hasn’t changed much since the April elections. So based on these poll results, the formation of a government after the November 2019 elections will not be any easier.”
“The PSOE remains the largest party but still falls short of an absolute majority. Admittedly, the PSOE's support has increased slightly over the last couple of weeks which implies a gain of a few seats. In the April elections, the PSOE won 123 of the 350 seats in the Chamber of Deputies. On the right, we see a drop in support for Ciudadanos and a corresponding increase for the Partido Popular.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.