Notations From the Grid (Special Friday Edition): On #UKElection2019, @BorisJohnson & The Roadmap

As we went to press,  Exit Polls reflected a convincing win for the UK Conservatives led by Boris Johnson--and a devastating loss by the Labor Party and also the Democratic Unionist Party.   The Scottish National Party is set to sweep 55 out of 59 Seats in Scotland.

The Pound Sterling has risen as a result and the Prime Minister noted it in a Tweet:

Thank you to everyone across our great country who voted, who volunteered, who stood as candidates. We live in the greatest democracy in the world.

The Financial Times reported on relief by the European Union--although challenges will remain:

myFT Instant Alert Politics Relief in Brussels as Tories head for convincing win EU welcomes certainty but warns new trade deal will still be difficult DECEMBER 13, 2019 by Sam Fleming and Jim Brunsden in Brussels

The most important challenge--The Future of the UK itself:

myFT Instant Alert World Brexit will now happen but Johnson’s win puts future of the UK in doubt The next government will be defined by forces beyond the prime minister’s control DECEMBER 13, 2019 by Robert Shrimsley

Notations On Our World (Special Thursday Edition): On Europe Right Now

 

As we went to press, we were assessing the latest move by the UK Prime Minister to by-pass Parliament to force through a No-Deal Brexit.   The European Union is interestingly silent on it as British MP's begin moves to try and stop a deal.   Whether it will mean a vote of no confidence in Boris Johnson's Government remains to be seen--what is clear is that battle lines have been drawn as the United Kingdom deals with the looming October 31, 2019 headline.   President Trump--through his Twitter Feed that reflects his thinking--chimed in on the debate with a response for the UK Labour Leader, Jeremy Corbyn.   This is as there have been dire reports of a no-deal Brexit underscored by this we just received courtesy of the team at the Financial Times as we regularly feature their front page daily on our Twitter Channel:

myFT Instant Alert Global Economy The British economy is not ready for Brexit Even if the disruption is contained, it could cause a meaningful drop in output AUGUST 29, 2019 by Chris Giles

Meanwhile, back on the continent of Europe, Italy avoided a snap election as the Democratic Party and the Five Star Movement struck a deal to avoid an election with the caretaker Prime Minister Conti asked by the Italian President to form a new Government.      We view it as a good development for the sake of Italy and Europe.