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Mon, 27th March 2017

Anirudh Sethi Report

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Archives of “United Kingdom general election” Tag

Tony Blair leaves door open to second referendum on EU membership

Former British prime minister Tony Blair has hinted at his support to have a second referendum if a “significant part” of those who voted for Brexit change their mind.

Speaking to launch his campaign to “persuade” people not to leave the EU, Mr Blair said:

If a significant part of that 52 per cent show real change of mind, however you measure it, we should have the opportunity to reconsider the decision.

Whether you do it through another referendum, or another method, that’s a second order question.

The former leader of the Labour party also invoked the “propensity for revolt” seen across the developed to call on pro-EU supporters to convince people who “voted without knowledge of the true terms of Brexit”.

Mr Blair said he wanted to “strengthen the hand of the MPs who are with us and let those against know they have serious opposition to Brexit At Any Cost”, adding:

This is not the time for retreat, indifference or despair; but the time to rise up in defence of what we believe – calmly, patiently, winning the argument by the force of argument; but without fear and with the conviction we act in the true interests of Britain.

Australia on edge after close election , Turnbull and Shorten both confident of victory

The Australian  national election polling booths have now closed 2 July

  • PM Malcolm Turnbull and opposition Labour Party leader Bill Shorten both say they are confident of a victory but concede the result could be tight

Malcolm Turnbull ,the leader of Australia’s conservative Liberal Party-led Coalition dissolved both houses of parliament in May in a bid to oust  independents in the upper house Senate who had blocked his agenda, including company tax cuts.

It looks a very tight race to the wire and the likely threat of a hung parliament looms.

More, and live, coverage from ABC here

I’m sure our intrepid reporter Down Under will be along here over the week-end to update and assess the election result’s impact on the AUD and markets in general.

In the meantime I’m heading to France for a few days. Have a great, and restful, week-end everyone and thanks again for your fantastic support.

Aussie elections too close to call as polling closes

UK exit polls point to Conservative lead.Cable Skyrocketed

GBPUSD

UKPolls reports that the Conservative Party leads the UK election (based on exit polls) with LibDems taking enough seats to enable a majority coalition. UKIP managed a disappointing 2 seats. Cable is rallying on the back of this (though we note this is exit polls only).

With 326 seats required for a majority:

  • *U.K. VOTES: TORIES SET TO WIN 316 SEATS: EXIT POLL
  • *U.K. VOTES: LABOUR SET TO WIN 239 SEATS: EXIT POLL
  • *U.K. VOTES: SNP SET TO WIN 58 SEATS IN SCOTLAND: EXIT POLL
  • *U.K. VOTES: LIBDEMS SET TO  WIN 10 SEATS: EXIT POLL
  • *UKIP 2 SEATS, “GREENS” 2 SEATS, OTHER 19

and here is Goldman, simplifying the decision process to three potential outcomes. While there is a whole range of potential outcomes to the May 7 election, each of the most likely governmental combinations falls into one of three broad groupings: