The culmination of the snap UK election on 8 June 2017 resulted in yet another surprise outcome from a national vote. There can be no hiding the damaging position this poor election result means for the UK's Brexit negotiations. Theresa May argued that she needed a stronger mandate to provide her with the flexibility to achieve the best deal for the UK, and she has failed in achieving that goal. Derek Halpenny discusses the three factors which suggest pound selling may diminish at modestly lower levels from here.
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