US: Special election in Georgia's 6th Congressional District looming – BBH
On June 20, there is a special election in Georgia to fill the seat of Price who after winning the election in November was appointed to the Secretary of Health and Human Services explains the analysis team at BBH.
Key Quotes
“That seat was previously held by Newt Gingrich. Price won the election easily by a 23 percentage point margin. Trump carried the congressional district by less than two percentage points. This election is being watched closely as a bellwether.”
“If the Democrats (Ossoff) can take the seat, it will be seen as a sign of a backlash against Trump, whose support in most opinion polls is below what it was in November. It will embolden the Democrats for next year's mid-term elections and be more obstructionist in the meantime.”
“If the Republicans (Handle) hold on to the seat, it will be seen as a sign that the Democrats are overreaching. It will encourage Republican Representatives not to abandon the President and his agenda. That, in turn, may slow the unwind of what has been dubbed the Trump trade.”
Author
Sandeep Kanihama
FXStreet Contributor
Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.
