May Forming Government Still Bodes Poorly For Pound

  • Snap elections have backfired on Theresa May.
  • The generational divide in Britain is widening, causing uncertainty.
  • The Pound is set to go much lower in the coming weeks.

It looks like Theresa May will survive to mismanage Brexit another day. She announced early Friday a plan to form a coalition with the Irish Democratic Unionist Party (DUP). The queen gave her that permission.

The DUP did very well yesterday, well enough to give the Tories a two-seat majority in the House of Commons at 328. But, yesterday’s results were a real mixed result for May who misread the growing divide between young and old in the U.K.

 

Read the rest over at Seeking Alpha

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