Quote: British Prime Minister Theresa May has triggered the process for an early general election, sending shockwaves through the UK political world.
But what does it mean for the rest of the globe?
British governments generally last for five years, and the Conservative Party's administration -- then led by May's predecessor David Cameron -- was elected in 2015. The next election was not due to take place until May 2020. ... ... May, who took over when Cameron resigned in the wake of Britain's decision to leave the European Union, wants to seek a stronger mandate in Brexit talks. ... ... But her party only has a slim majority in Parliament, and opposition parties have attempted to throw rocks in her path towards Brexit. She also faces divisions in her own party over Brexit tactics -- although perhaps not surprisingly, May didn't mention those on Tuesday. Source: edition.cnn.com/2017/04/18/europe/uk-snap-election-explainer/
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APR 18 2017 - Theresa May´s U-Turn:
After month of denying to held snap election on April 18th Theresa May made a U-Turn and called for snap elections on June 8 2017.
Remark: In this trading idea will be provided accurate and unbiased information to share with the trading view community.
I just want to make one personal comment on the snap election:
Finally the result could be something like "ironic". Last time, when a Britisch Prime Minister tried to obuse Britains voters to extend his political power he failed.
The name was David Cameron and his intention was to force Britains voters for a "NO" to the BREXIT on June 23rd 2016.
The "pro BREXIT" related "The Sun" is showing other numbers than other polls. Just the results will prove the polls again if there are right or wrong.
Until "The Suns" lates polls came out the numbers had shown, that Theresa May is going to fail. The spread between Torries and Labour narrowed to just 13%. This was at the lower end of past 6 months opionion polls. Any low spread at the snap election would weaken Theresa Mays plans for something like a "hard BREXIT". en.m.wikipedia.org/wiki/Opinion_polling_for_the_United_Kingdom_general_election,_2017
April 18th 2017: The U.K. Snap Election Is Riskier Than It Seems
Quote: Conservatives are way ahead of Labour in polls of the United Kingdom — which may have been behind Prime Minister Theresa May’s decision to declare a “snap” general election for June 8 in the hopes of increasing her party’s majority in Parliament.
But May’s move isn’t risk free. In fact, if the final polls come within a couple of percentage points of the actual vote on June 8, it will be something of an upset. Polls in the U.K. have a history of inaccurate performance, with average errors that more than double the ones in American presidential elections. fivethirtyeight.com/features/the-u-k-snap-election-is-riskier-than-it-seems/
UK PM May's lead narrows after Manchester attack placing landslide win in doubt
May's lead halves to 6 pct points - ORB poll YouGov: May's lead contracts to 7 pct points from 9 Opinium: May's lead contracts to 10 pct points from 13 ComRes: May's lead down to 12 pct points from 18 UK election tightens: Size of May's majority under question
Quote: Investing.com - Europe is likely to set the tone for global financial markets this week, with the European Central Bank policy meeting and British general election on investors' minds. Meanwhile, in the U.S., market players will pay close attention to former FBI director James Comey's testimony before the Senate Intelligence Committee, in a hearing that could add to difficulties facing President Donald Trump. Source: investing.com/news/economy-news/the-week-ahead:-5-things-to-watch-on-the-economic-calendar-491610
Latest UK Polls after London Terror attack showing 8% gain for Theresa May. The Footsie is building a ramp. UK stockmarkets ready for a blow off - depending on the results off the snapp election on June 8th. The chart also follow the rise of voters for Labour anticipating that there might be no "hard BREXIT".
Here's why the gusher of billions into European stocks should continue Political risks in Europe still exist, but analysts point to recent figures that suggest the euro zone economy is growing at its fastest rate in years, much faster than the U.S. economy. European focused, U.S.-based domiciled funds alone saw net inflows of $4.2 billion in May, bringing total net flows year-to-date to $9.2 billion. So far this year investors moved $13.7 billion to European funds.
Comment: Stocks close higher as Street hopes Comey testimony will be less damaging to Trump than feared Former FBI Director James Comey is slated to testify in front of the committee on Thursday and answer questions, marking the first time he publically speaks since being fired from his post. The Senate Intelligence Committee released Comey's full opening remarks Wednesday afternoon, at which time the major indexes traded back near session highs. cnbc.com/2017/06/07/us-stocks-await-comey-uk-election-ecb.html
Comment: UK polls are uncertain. This time most polls are wrong. The last 24hours polls telling each different stories.
Final election polls give Jeremy Corbyn the lead over Theresa May for the first time Eve-of-vote poll by research company Qriously gives Labour a slender advantage over the Tories for the first time wired.co.uk/article/election-polls-labour-conservative-winner
Wired is a serious source? According to the Guardian, the Tories have a 12 point lead, Daily Telegraph expect a 73 seat majority for the Conservatives and even the Independent forecasts a landslide victory for May.