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.
Key Quotes
“In either case, the Fixed Term Parliament Act means an election would be triggered by a no-confidence vote by MPs. There would then be two weeks whereby the government must subsequently win a confidence vote if it is to stop the election from taking place. If that fails, an election would take place 25 working days later.”
“Potential impact on Brexit
It’s impossible to say what another election would mean for Brexit in the long-run. But the loss of time in the Article 50 process could be detrimental to the UK’s Brexit negotiations and would intensify the need for a transitional deal.”
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.