UK: Tories will increase their majority - BBH
|In view of the analysts at BBH, many seem to be treating the recently announced UK election as a foregone conclusion wherein Tories will increase their majority and while it seems true in a narrow sense, it may be politically naive.
Key Quotes
“The Tory Party, after all, is a coalition. Doesn't the impact of the election results depend on which Tories win? Some observers linked sterling’s rally on the announcement to ideas that it could produce a softer Brexit. That seems to be to assume what one must prove. Couldn't soft Brexit Labour MPs be replaced by harder-line Tories?”
“Before getting to the national election, local elections will be held on May 4. English, Welsh, and Scottish councils will be chosen, as will the newly created English Regional Mayors. Labour goes into the contest with the most council seats overall (1535 vs. 1136 for the Tories). The results will be scrutinized to see clues into the national contest. A significant loss for Labour, as some are predicting, will likely spur talk of Corbyn stepping down, and demoralize and further weaken the main opposition party.”
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.