Friday, June 9, 2017

Hung British Parliament Raises Brexit Concerns and Hammers The Pound

Hopes that an early election would produce an increased majority for the Conservatives, a move that may have strengthened her hand in Brexit exit negotiations, were smashed yesterday.

The youth of Europe that fails to realize socialism as created many of its problems continue to vote for more of it. Free stuff won't extricate Britain or anything other European nation from the budgetary problems that threaten the numerous financial institutions and much of the EU. The invisible hand seeks devaluation of the British Pound as the long-term solution to the problem. Devaluation carries consequences, so expect volatility within trends to widen.

Headline: May's UK election gamble backfires as Tories lose majority

LONDON (AP) — Spectacularly punished by voters who took away her majority in parliament, a politically wounded Theresa May sought to soldier on Friday as Britain's prime minister, resisting pressure to resign after the failure of her high-stakes election gamble made the massive challenge of untangling Britain from the European Union only more complex and uncertain.

Having called an early election in hopes of getting an increased majority that could have strengthened her hand in Britain's exit talks with the EU, May instead saw her majority evaporate completely — leaving her fortunes hanging by a thread.



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