What is United Kingdom Elections? 

British people are heading to the polls to elect their leader. The elections were initially scheduled for 2020, which means they are actually happening 3 years earlier. British Prime Minister, Theresa May vowed that she will never call for an early elections and she changed her mind and called for an early elections. On the 19th of April 2017, MPs approved Theresa May’s early elections proposal. For the elections to happen, 434 out of 535 MPs had to vote in favour. The outcome was shocking when 522 voted in favour against only 13 MPs who voted against. Clearly the majority saw the need for early elections. The official campaign began on the 3rd of May 2017.

When is it all happening?

On the 8th of June 2017. The polls will open at 7am to 10pm on the same day.

Who are the voters?

• British, Irish or commonwealth citizens
• Resident at an address in the UK
• 18 years of age or older

What will happen after the elections?

A government will be formed by any party which will get the majority of MPs.

Which parties are being looked at?

1. Conservative party  which is led by the British Prime Minister Theresa May
2. Labour Party which is led by Jeremy Corbyn.

May added that she wants unity. She added that British people want certainty and strong leadership (which she believes she is the right candidate to lead). She also added that British people also need stability and a strong negotiator for Brexit negotiations.  Read Conservative’s manifesto HERE. Amongst other things, Corbyn mentioned in his manifesto that he will invest more in NHS (National Health Services) and provide first class treatment. Read Labour Party’s manifesto HERE.

Why do we  (traders) care?

The Pound has been driven by politics. From the Brexit last year to the Prime Minister triggering the article 50 to kick off the Brexit negotiations and now general elections. Elections in general, play a bigger part in the currency markets. The elections will have a direct impact on GBP.  Thank you for stopping by. Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided HERE. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132.