Will PM May walk away from ‘Hard Brexit’?

Omkar Godbole FXStreet Contributor

The latest BBC forecast sees Tories falling short of a majority by eight seats. Does it mean the Britons have rejected May’s Hard Brexit stance?

The election was widely seen as Brexit referendum 2. May was expected to boost her majority in the parliament. However, what has unfolded this morning, suggests the UK citizens have rejected the idea of hard Brexit.

PM Theresa May might refer to the poor showing as Britain’s verdict on Brexit and could walk away from her ‘Hard Brexit’ stance. Investors should not rule out the idea of another Brexit referendum considering what Brexit Minister David Davis said earlier today.

A potential shift from ‘Hard Brexit’ to ‘Soft Brexit’ could strengthen the British Pound.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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