EU Behind May’s Decision to Hold Snap Election

European officials have indicated a desire that the upcoming snap election in Britain will lead to a “strong” leadership in Westminster and bring more clarity to current Brexit negotiations.

Capitals across Europe have been left surprised with the announcement by U.K. Prime Minister Theresa May on Tuesday, who called for an early election on June 8, but officials do not foresee any impact on the U.K.’s process to leave the European Union.

One EU official, speaking on the condition of anonymity due to the sensitivity of the Brexit process, told CNBC Wednesday that May’s announcement “does not change things”. “This is a domestic matter for the UK. But we have some hope that this will lead to a strong leader in London that can negotiate with us with strong backing by the electorate,” the official said.


EUR/USD – Euro Steady as Eurozone CPI Matches Forecast

Risk Abound

USD/JPY – Yen Steady as US and Japan Discuss Trade and North Korea

Tags:, , ,