Brexit Briefing: GBP/USD Muted on Rocky Start to UK Election Campaign
UK Election Analysis and Talking Points
- UK Election Campaign Gets Off to a Rocky Start
- Betting Markets Sees Risk of Hung Parliament
UK Election Campaign Gets Off to a Rocky Start
Yesterday saw parliament dissolved, which in turn, officially marked the beginning of the general election campaign. However, it is fair to say that the main parties have had a stumbling start to their respective campaigns. The Tories were found to have doctored a video that portrayed a senior labour representative failing to answer the topic of Brexit, while Jacob Rees Mogg had made some insensitive comments over Grenfell. As such, these gaffes are likely to be utilised by the Labour party throughout their campaign. Although, it hasn’t exactly been plain sailing for the Labour party after the Deputy Leader Watson announced his resignation from the party.
Going forward, eyes will be on the trend of the opinion polls in the run up to the election and whether the Labour party will be closing the sizeable gap with the Conservatives, which if indeed this is the case, this would raise the prospect of a hung parliament.
UK Voting Intentions
Betting Markets Sees Risk of Hung Parliament
Source: Derived from Paddy Power, Ladbrokes, William Hill & Betway Odds
--- Written by Justin McQueen, Market Analyst
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