United Kingdom

reino unido starmer

Labour’s victory in UK could further support pound and British stock market with more constructive stance towards EU

Renta 4 | In the UK, Thursday’s elections were, in line with expectations, a historic victory for Starmer-led Labour (expected to achieve its largest majority since 1997). The Conservative leader, Sunak has already conceded defeat. Labour’s victory could continue to support the pound and the British stock market in the face of a more constructive stance on the EU and promised fiscal stability. To this could be added the Bank…


KeirStarmer

Landslide win for Starmer’s Labour in UK election, ending 14 years of Conservative rule

The Labour Party has won the UK general election with an absolute majority, ending 14 years of Conservative ‘dominance’. Keir Starmer, the party’s leader and the country’s new prime minister, ousted Rishi Sunak with a landslide victory. With some constituencies still to be confirmed, the count already confirms Labour’s absolute majority (more than 326 seats) by securing more than 400 seats out of 650. The centre-left party is on track…


RSunak

Sunak, Young, Rich, Hindu And From Oxford

Fernando González Urbaneja | The new British Prime Minister is young (42), rich (almost a billion in assets), Hindu (family religion) and a graduate of Oxford and Stanford (Fulbright programme). He has been in Parliament for seven years and, after working for Goldman and several investment funds, he headed the Treasury (with Boris Johnson) before rising to become Minister of Finance. A dense professional career that is a credit to…


ejecutivos puente londres TC

United Kingdom, A Broken Democracy

Fernando González Urbaneja | Brexit was about regaining control; that was the decisive message that led disoriented citizens to vote in favour of leaving the European Union. Six years later, what they have achieved, rather than regaining control, is to achieve “decontrol”. Three prime ministers in the course of 2022 is an unimaginable outcome for those who have studied and praised British democracy as an exemplary model based on good…


PoundsTC

Pound Plummets

Franco Macchiavelli (Activotrade) | During Monday’s Asian session, sterling experienced a flash crash with percentage falls not seen since Brexit. In just 20 minutes, sterling plunged to near parity with the dollar at the 1.03 level (Asian session lows), levels not seen since 1985. In addition to the sharp fall in the currency, bonds also experienced intense moves, with jumps of 50 basis points (the largest daily jump in UK…


boris jonhson

Goodbye Boris, Goodbye

Brexit – the United Kingdom’s exit from the European Union – was the great political attraction of Boris Johnson’s era as British Prime Minister. However, its effects have been disastrous for international trade, especially for Spain. As the daily Expanión explains, Brexit, Boris Johnson’s great electoral claim, has taken away 18 billion euros in trade between the United Kingdom and Spain. In 2021, the first full year of Brexit, UK…




UBS forecasts

UK Budget: Deja-Vu, All Over Again

The Chancellor’s latest Budget saw the cumulative forecast for government borrowing over the next five years revised up by close to GBP 40bn. This reflects both weaker cyclical growth and also the Office for Budget Responsibility (OBR) taking a gloomier view on UK trend productivity growth.


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A ‘Brexit’ Map for Sterling

UBS | A date for referendum is set and the pound is getting pounded. The United Kingdom reached an agreement with the European Union and the UK announced that the referendum vote will take place on 23 June 2016.