U.K. Election Adds More Geopolitical Risk For 2017
A snap U.K. general election in June adds another layer of uncertainty in Europe this year and could lead to market volatility.
U.K. 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.