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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s