What’s happening in Financial Markets with UK General Election on 8th of June?

June 9, 2017

LQDFX warns traders of certain market situation.

What’s happening in Financial Markets with UK General Election on 8th of June?

This article is originally referred from LQDFX News

Theresa May announced on April 18th that the UK would hold a General Election on 8th June 2017 and today is the day.

The UK public will today take to the polls to decide who will run the government for the next five years and who, more importantly, will negotiate the UK’s divorce with the EU.

The Conservatives have taken a hard-ball approach to Brexit with party leader and current PM Theresa May stating that “No deal is better than a bad deal”.

The Labour Party are seemingly expected to be more EU-friendly and stay within the single market with Labour leader Jeremy Corybn stating that “No deal’ is in fact a bad deal. It is the worst of all deals because it would leave us with World Trade Organisation tariffs and restrictions, instead of the access to European markets we need”.

Voting will close in the UK 21:00PM GMT and the first results are expect to flow in shortly after. Keep in mind that the winner of the general election is not expected to be known until 01:00-03:00am GMT.

The Markets are expected to be extremely volatile during these hours due to the uncertainty of the vastly different outlooks for the UK’s economy. Please proceed with caution during these hours.

Please do not hesitate in contacting us with any questions you may have.

Original Source: LQDFX News

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