UK: Snap Election to “Speed up” Brexit
April 20, 2017
The UK economy is relatively resilient, but uncertainty about future arrangements with the EU is negatively influencing business investments. The call for a snap election on 8th June has added, if possible, even more complexity to the Brexit picture. The most immediate consequence of this decision is that some of the precious time for Brexit negotiations will be lost. The structural worsening of the trade balance could cause further movement in sterling, with risks being strongly skewed towards depreciation.