UK’s PM Theresa May speech – Live


Following the results from the UK’s general elections, (still) PM Theresa May will give a speech at 9GMT.

May has recently reiterated she will not resign despite Conservatives’ performance at the elections, although plenty of doubts are set to emerge regarding her leadership and ability to carry on with the Brexit negotiations (which were initially scheduled to start later in the month).

At the moment, Conservatives keep 316 seats, Labour 261, the SNP 35 and Liberal Democrats 12.

 

 

Key notes

UK election: Conservatives fall short of majority, May's political gamble backfires

Against all odds, and is becoming a familiar pattern in major political events, a catastrophic and unexpected outcome for UK PM Theresa May's Conservatives has materialized.

 

UK: Another election looming? – ING

Analysts at ING suggest that there are two reasons why another vote could occur: either if neither major party can reach an agreement with smaller parties, or if a newly formed government proves to be too fragile.

 

GBP: Worst-case outcome adds to Brexit risk premium – Danske Bank

The UK election outcome looks close to the worst possible for sterling – if any winner, it may be regarded the EU according to the analysts at Danske Bank.

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.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD advances above 0.6950 as risk-on mood dominates

Following a bearish opening gap, AUD/USD has recovered ground and trades above 0.6950, tracking the bounce in the S&P 500 futures. The bulls shrug off US-China tensions and the worsening coronavirus situation in the US and Australia. 

AUD/USD News

USD/JPY stays depressed below 107.00 within descending triangle

USD/JPY is trading in the red on Monday near 106.80. The pair has carved out a big descending triangle over the past 3.5-months. At press time, the lower end of the triangle is located at 106.10, and resistance is seen at 108.93. 

USD/JPY News

Gold hovers above $1,800 as dollar drops despite lingering coronavirus concerns

Gold rises 0.30% as the dollar index drops 0.20%. The US stock futures rise, keeping the safe-haven US dollar under pressure. The US coronavirus cases tally crosses the 3.3 million mark. 

Gold News

Data, earnings, central banks and virus cases in focus

Risk appetite took a turn for the better at the end of last week despite an array of the usual suspect risk factors (accelerating Covid-19 cases, US-China tensions, rich valuations). 

Read more

WTI: 200-HMA probes bears above $40.00

WTI stays pressured beyond $40.00 despite multiple bounces off 200-HMA. MACD conditions suggest bears rolling up their sleeves for entry. Bulls will have multiple upside barriers beyond $41.00.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures