In 2016 David Cameron called an EU referendum which he hoped the British people would vote to stay in the EU. The result was a shock defeat for David Cameron and he stepped down to make way for Thersea May,
In 2017 Theresa May called an early election in order to capitalise on the Tory Party being ahead in the plots and secure a larger majority in Parliament. The plan failed miserably and Theresa May could only control a majority after doing a £1bln deal with Northern Ireland's DUP.
So, this takes us to the third role of the dice with Boris Johnson. An early election is called for December 12 in which is the first December election in nearly a century.
The polls have misled folks before, but Johnson is currently ahead of Labour's Corbyn by 42% vs 30%. However, the polls do not allow for tactical voting or the first past the post voting system. At the moment, it is hard to see the conservatives losing their majority, but the 2016 polls were wrong on the EU referendum, so they can be wrong again.
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Gold price refreshes two-week high, looks to build on momentum beyond $2,700 mark
Gold price hits a fresh two-week top during the first half of the European session on Friday, with bulls now looking to build on the momentum further beyond the $2,700 mark. This marks the fifth successive day of a positive move and is fueled by the global flight to safety amid persistent geopolitical tensions stemming from the intensifying Russia-Ukraine war.
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The S&P Global preliminary PMIs for November are likely to show little variation from the October final readings. Markets are undecided on whether the Federal Reserve will lower the policy rate again in December.
Eurozone PMI sounds the alarm about growth once more
The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s the latter.
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