Britain Brexit bound as Johnson heads for big parliamentary majority
Britain's Prime Minister Boris Johnson waves as he arrives at a polling station, at the Methodist Central Hall, to vote in the general election in London, Britain, December 12, 2019. REUTERS/Thomas Mukoya
A decisive win for the Conservatives would also mean disappointment for the millions of people who voted to remain in the EU in a 2016 referendum and who dared to hope the result might be overturned thanks to gridlock in Westminster. But nearly half a century after joining what has become the world’s largest trading bloc, Johnson faces the daunting challenge of building new relationships and preserving Britain’s place as a global trading hub.Sterling surged more than 2% against the dollar and the euro on Thursday as traders piled into the pound. By 2225 GMT, the pound had rocketed as much as 2.5% to $1.3510 GBP=D3 - its biggest one day gain since January 2017.
“What’s clearly come through I think in these results is that this was the Brexit election,” he said. “We were hoping a wider range of issues would cut though and have a debate, I don’t think that has been the case.”A majority will allow Johnson to lead the United Kingdom out of the club it first joined in 1973.
A large majority could give him the political security to extend the trade talks beyond 2020 because he could overrule the Brexit hardliner European Research Group faction inside the party.
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