Brexit negotiating position has been weakened - ANZ
Analysts at ANZ explained that after taking comfort from the Dutch and French election results, markets were reminded that the anger and resentment vote is alive and well, with the UK election delivering the incumbents back into power, but in an unconvincing and very narrow fashion.
Key Quotes:
"Uncertainty is rife on numerous levels, and while markets were rattled, there was still a sense of containment amidst hope of a) potentially a soft Brexit; and b) less fiscal austerity."
"The Prime Minister is back in 10 Dowling St but the knives will be out with eyes on the Foreign Secretary. An inability to make decisive changes to cabinet highlighted a position of weakness as opposed to strength."
The Brexit negotiating position has been weakened. How workable is the coalition? What/whoexactlyistheDUP?Andwhatdoesthedeallooklike?There appears to be agreement in spirit but no deal.
Will the young millennials turn up and vote in other elections around the globe too? Lots of unknowns and the latter facet will be relevant in the upcoming New Zealand election."
Author
Ross J Burland
FXStreet
Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.
