Hail Zorp! UK Sterling Gets Pounded After Close Election (Conservatives Lose Majority, Brexit in Jeopardy)

UK Prime Minister Theresa May nearly sank her own ship of state by calling for an election … and losing her party’s majority to the anti-Brexit Socialists. It is almost as if she summoned Zorp the Surveyor (the 28-foot-tall lizard-god from Parks and Recreation) by mistake.
(Bloomberg) – The pound tumbled as the U. K.’s ruling Conservative Party lost its parliamentary majority, plunging the country into uncertainty just days before Brexit negotiations were due to start. Crude advanced and the dollar strengthened.

This post was published at Wall Street Examiner on June 9, 2017.