SimpleFX Blog
    Facebook Twitter Instagram
    Monday, June 27
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»News»How the Loss of Both Labour and Conservative Parties Affects GBP
    News

    How the Loss of Both Labour and Conservative Parties Affects GBP

    Natalia AlvarezBy Natalia AlvarezMay 8, 2019No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    Both dominant political parties in the UK, the conservatives and Labour, saw a decline in popularity during last week’s local elections. In a surprising turn of events, both the Labour and Conservative parties lost seats. These elections have acted as a voice for the UK population who are increasingly frustrated about how the UK government has handled Brexit. UK citizens are frustrated with the lack of unity and delay in the Brexit proceedings. The country has a clear divide, parliament itself is also divided, as is the House of Commons.

    [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#df4444″]SELL GBPUSD[/button]        [button link=”https://app.simplefx.com/login” size=”medium” target=”new” text_color=”#eeeeee” color=”#3cc195″]BUY GBPUSD[/button]

    A vote of protest

    Back in June 2016 when the British people voted for Brexit, it was never really a vote just about remaining in the European Union. It could be said that this was a vote of protest. The British people saw what they had and decided things weren’t working as they were and so decided to try their luck without the EU. This was all brought about by David Cameron insisting they will lose what they had (i.e., that which they were unhappy with) if they voted to leave.

    To make things worse, many remainers poked fun at the Brexiteers declaring them thick idiots for wanting out. While remainers could have looked more deeply at the route of the Brexiteers’ concerns, instead they chose to mock and vilify them as unintelligent, white racists. These people who were feeling alienated from British politics were not just ignored; they were insulted too. Anyone concerned about losing their independence as a nation was deemed to be a Neanderthal numbskull.

    Images of Bob Geldof, a musician, and EU remainer, flicking a V-sign on the River Thames towards Scottish fishermen captured the mood. While this musician sailed on a pleasure cruiser that was full of activists holding up pro-European placards, the song ‘I’m in with the in crowd’ blared out. The Telegraph details this event here.

    It could be said that this did heaps of damage to the remain camp. The EU-remainers were seen as privileged and well-to-do people who were mocking the ‘thick’ Brexiteers. It became a story of ‘them’ and ‘us.’ Brexit became a chance to fight back in an anonymous vote. It was the only chance for many people to have their say on the matter. It wasn’t just a rejection of Europe, but their world as they knew it.

    How will the elections affect the pound

    Back to last week’s elections. Well, they repeat the same arguments. Conservative and Labour both lost out on votes. The British voters are simply eschewing the two main parties. The 3rd most supported party, the Liberal Democrats, has done very well. Equally, many independent candidates and Green Party candidates have picked up votes. It is clear that Brits want someone who will drive them in a different direction. It’s almost as though they’ll accept anyone else now. Both Labour and the conservatives are in trouble. They need to move quickly between now and the European elections. There need to be some cross-party severe talks.

    british pound featured GBPUSD uk
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleHow Trump’s Threats to Hike Tariffs Affect the Markets
    Next Article SimpleFX Cuts Spread by Half on Bitcoin Pizza Day
    Natalia Alvarez

    Related Posts

    How Long the Recent LTCUSD Run Can Last?

    June 24, 2022

    Is BMW Worth It After the New China EV Plant Activation?

    June 23, 2022

    How COVID-19 Impacted Japan and What Investment Opportunities it Created

    June 21, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT