On October 31, the United Kingdom was due to leave the European Union. The promise to withdraw the country from the alliance on the appointed date at any cost made Boris Johnson the prime minister, but he failed to implement his plan. Misty Albion will remain part of the EU until at least January 31, 2020. Of course, the UK may leave the bloc earlier if the House of Commons finally approves the "divorce" agreement.
However, this issue will be decided by the new composition of the British Parliament. In less than a month and a half, early elections should be held in the country.
On the eve, the House of Lords supported the relevant bill of the government. Taking into account the fact that the bill was approved by the House of Commons on Tuesday, the document passed all stages of parliamentary consideration. It will acquire the status of a law after it is signed by Queen Elizabeth II, which is a formal procedure.
Parliament is expected to be dissolved on November 6. After that, the UK is waiting for the election campaign, which promises to be no less fierce than before the referendum in 2016.
It is easy to assume that it is on Brexit that the participants in the race for parliamentary seats will put the main emphasis on their programs and promises, but the goals they will pursue seem to be different.
The head of the Cabinet, B. Johnson, hopes that the vote will help him get rid of intractable deputies and their place will be taken by lawmakers who will help or at least do not interfere with the UK's withdrawal from the EU.
As for the Laborites, they will try to play on the promises of a second referendum, draw up a new deal that is more profitable for everyone, or switch from Brexit to other equally important topics, for example, to the national health care system, which immediately comes after the list of the most exciting British problems country exit from the EU.
Smaller parties are also very predictable in their intentions. Thus, the Brexit party led by Nigel Farage will insist on the UK leaving the EU without a deal, and the Liberal Democrats will try to withdraw part of the electorate from the Labor Party, promising to leave Misty Albion in the alliance at all costs.
Thus, the fate of Brexit will depend on the party that wins.
However, it is extremely difficult to say unequivocally what the results of the upcoming early elections will be.
Also, according to the Financial Times, the upcoming elections can further strengthen the already deep divisions in British society caused by the Brexit theme.
"The December elections may not be the last shortly. If no party receives enough deputy mandates to single-handedly form a government, the situation of a "suspended parliament" will arise, and it will be possible to try to resolve it only through a new expression of will," the Sky News television channel reports.
The GBP/USD pair has gained significantly over the past four days. The pound is strengthening thanks to the reduced likelihood of a disordered Brexit. According to experts, while stable demand for the British currency remains, however, for the GBP/USD to grow steadily, it is necessary to pass strong resistance in the area of 1.2950 – 1.3020. An increase in political risks may lead to a rollback on GBP/USD. At the same time, in the medium term, there remains a high probability of the formation of a wide "side" (1.2800–1.3000).
