Showing posts with label UK elections. Show all posts
Showing posts with label UK elections. Show all posts

Friday, 16 June 2017

Theresa May with desperate actions to keep the power

After Theresa May has scored an "own goal" in calling early parliamentary elections, now that the election is a fact, she desperately tries to stay in power.
Conservatives have won 318 seats in parliament and therefore can not reach the necessary 326 seats for a majority and forming a government.
In an extraordinary turn, the Liberal Party won 263 seats in the new parliament.
UK Prime Minister Theresa May visited the Buckingham Palace on last Friday to seek permission to form a minority government despite appealing to her resignation.
Support conservatives can get from a small nationalist party, in the face of the Democratic Unionist Party of Northern Ireland, but not in a formal coalition.
May refused to resign as Prime Minister of the United Kingdom. According to her, the minority-backed new government will provide the UK with the much-needed period of stability in the light of the forthcoming Brexit talks.
The Democratic Unionist Party (DUP) party has won 10 seats in the new parliament and is ready to support the Conservatives, but not in an official coalition.


Thursday, 1 June 2017

Gold with a one-month high

Gold rose these days, reaching a new highest value for the past one month. The noble metal added 0.1% to its value to $1,267.70 per ounce. A little earlier, it reached the highest value of $1,270.47, not seen since May 1.
The appreciation of the metal is largely determined by the risks associated with the upcoming UK elections. The latter will take place on June 8th. Meanwhile, Teresa May's party's leadership, ahead of the opposition, fell to just 6%.
Experts are beginning to worry that May's decision to call early parliamentary elections to strengthen the ruling party's position may not be a good decision.
In addition, the uncertainty is also rising from potential early elections in Italy, as well as worries related to the Greek debt.
The situation for gold may continue to improve, given the many important data that are expected to come out this week. Symptoms of slowing the growth of the global economy, in a record-breaking environment for major stock market indices, may raise the price of precious metal seriously.


Thursday, 20 April 2017

Earlier UK elections put FTSE 100 under pressure

Investors have remained in a standstill against the backdrop of Britain's upcoming parliamentary elections and the upcoming presidential vote in France.
The FTSE 100 wiped out its growth from the beginning of the year, closing at 7,114.36 on Wednesday, losing even more -0.46% of its value, and the International Monetary Fund warned that the unpredictable Brexit result puts risks to global financial stability at a time, in which it is already facing challenges from heavily indebted US corporations, the credit bubble in China and the weak European banks.