The countdown to December 12 and the UK election

Giles Coghlan LLB, Lth, MA Financial Source

In 2016 David Cameron called an EU referendum which he hoped the British people would vote to stay in the EU. The result was a shock defeat for David Cameron and he stepped down to make way for Thersea May,

In 2017 Theresa May called an early election in order to capitalise on the Tory Party being ahead in the plots and secure a larger majority in Parliament. The plan failed miserably and Theresa May could only control a majority after doing a £1bln deal with Northern Ireland's DUP.

So, this takes us to the third role of the dice with Boris Johnson. An early election is called for December 12 in which is the first December election in nearly a century.

The polls have misled folks before, but Johnson is currently ahead of Labour's Corbyn by 42% vs 30%. However, the polls do not allow for tactical voting or the first past the post voting system. At the moment, it is hard to see the conservatives losing their majority, but the 2016 polls were wrong on the EU referendum, so they can be wrong again.

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Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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