May’s call for general election expected to prompt more volatility
As Theresa May calls for a general election, City partners expect the move to cause further Brexit-related uncertainty and volatility in the market.
May announced the decision on 18 April, calling for an election to be held on 8 June.
According to some City partners, May’s goal is to solidify a platform prior to Brexit negotiations. Gideon Moore of Linklaters said the election will create an opportunity for May to expand upon her majority. Herbert Smith Freehills partner Gavin Williams said the election’s short-term effects could include volatility in transactional markets.
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