Great winner of the European elections in the United Kingdom, although by surprise: the Brexit Party. It was founded just four months ago by Nigel Farage and he is clear about what he wants: to get his first seat so as to enter the Westminster Parliament.
The way to do it: a recent by-election in Peterborough; a city in the east of England where the majority of its citizens are in favor of a Brexit; even without agreement.
Regarding this by-election, Farage has been very optimistic: “But in a way, what happens here is more important, because it is the opportunity to write the next chapter of this great story.”
Farage has a very defined objective: to end the bipartisanship of his country; that has been rooted in the country for years and that is repeated year after year with the elections.
A bipartisanship reminiscent of its neighboring EU member, Spain, where the PSOE and the PP reigned until other political forces arrived that made them lose prominence; the parties of Podemos and Ciudadanos.
In the European elections, the Brexit Party took the majority of the UK vote. In total, 31.6% of the votes.
The other main parties in the country fared badly from these European elections held at the end of May.
For example, the Conservative Party saw many of its voters join the Brexit Party over the mismanagement of British Prime Minister Theresa May; she unable to efficiently manage the United Kingdom’s exit from the European Union during these almost three years.
One of the reasons for this mismanagement, according to the voters of the Brexit Party; They are the extensions that May resorted to for having an agreement or a viable execution plan.
Prime Minister Theresa May has resigned, something that British society has been asking for for a long time. This week will officially be her last week in the leadership of the formation and she will become interim head of government until her successor arrives. May, only got 9% of the vote in the EU elections.
According to iFOREX, the financial broker, this situation of uncertainty is not sitting well with the different European economies; mainly British.
The local currency, the British pound, has fared very badly in the forex market in recent years. When previously it was one of the main currencies of trading.
Also, if there is a hard Brexit, volatility could continue with the pound in the long term. For this reason, the financial experts of the iFOREX broker recommend that all investors closely follow the changes in political matters; in order to see how the new movements of European politicians affect the stability of the pound.
