General Election 2017: Prepare for Market Volatility

UK Prime Minister Theresa May has called a snap General Election for Thursday, June 8. Both the stock market and sterling have already displayed increased volatility

Emma Wall 18 April, 2017 | 1:27PM

UK Prime Minister Theresa May has called a snap General Election for Thursday June 8 this year - despite promising that there would not be an election until the end of the fixed term in 2020. The political leader said that a General Election was essential to secure more time in which to negotiate the best possible exit from the European Union. 

She called for unity in Westminster and political stability. In essence May is looking for a clear and undeniable mandate to execute a “hard Brexit”. She accused the Liberal Democrats, Labour and the Scottish National Party of trying to derail the Brexit negotiations and said that their actions risked the success of her talks with the remaining members of the European Union.

"If we do not hold a general election now their political game-playing will continue, and the negotiations with the European Union will reach their most difficult stage in the run-up to the next scheduled election,” said May, speaking outside of 10 Downing Street today.

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About Author

Emma Wall  is former Senior International Editor for Morningstar

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