Nine days ahead
of Britain's election and PM Theresa May's lead over Labour is narrowing
all the time, according to a string of polls - the latest one by Survation out this morning has it down to just six points.
Financial
markets aren't really sure how to read this one: if you take May's
logic, a weak performance would give her a correspondingly weak hand in
Brexit negotiations and so increase the chances of either a "bad" deal
for Britain or no deal at all. That, at least, was the rationale behind
sterling's falls last week.
But some analysts note that if it ever came to a hung parliament, that could increase the chances of a softer Brexit than what is currently envisaged by May - which, according to your point of view, might actually be good for the economy.
Things are in no less flux in Italy, where former prime minister Matteo Renzi at the weekend suggested the next election could be held at the same time as Germany's in September because that made sense "from a European perspective".
That prospect edged yet closer as the 5-Star Movement gave its backing to a new voting law setting out a proportional electoral system, meaning Italy's four most popular parties are behind it. One government source told Reuters that momentum was now growing for an autumn election and that things should be clearer in just over a weak. More clues may emerge from a meeting of top officials from Renzi's party today.
But some analysts note that if it ever came to a hung parliament, that could increase the chances of a softer Brexit than what is currently envisaged by May - which, according to your point of view, might actually be good for the economy.
Things are in no less flux in Italy, where former prime minister Matteo Renzi at the weekend suggested the next election could be held at the same time as Germany's in September because that made sense "from a European perspective".
That prospect edged yet closer as the 5-Star Movement gave its backing to a new voting law setting out a proportional electoral system, meaning Italy's four most popular parties are behind it. One government source told Reuters that momentum was now growing for an autumn election and that things should be clearer in just over a weak. More clues may emerge from a meeting of top officials from Renzi's party today.
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