UK’s New Prime Minister, Exciting Trading Opportunities

Big news! Boris Johnson is to be the next Prime Minister of the United Kingdom. Johnson defeated his rival, Jeremy Hunt, UK’s Foreign Secretary in a ballot for leadership of the Tory Party winning comfortably with 92,153 votes to his rival’s 46,656. Johnson will take up office at No. 10 Downing Street London, as the newly appointed Prime Minister of the UK. In his victory speech, Boris Johnson said that he will work flat out to get the UK out of the European Union.
With the deadline of October 31, his goal was to deliver Brexit, unite the UK, defeat Corbyn and energize Britain in a spirit of can-do. Jeremy Hunt praised Boris saying that he was delighted that Boris had become the prime minister and said that he puts a smile on people’s faces. Even US President Trump wasted no time and congratulated Boris Johnson on his victory. He has called Theresa May’s Brexit strategy a disaster and said that Boris is great and can get the job done. The good news is that Boris has the support and is popular amongst Brexiteers but the moderate wing of the Conservative party are alarmed with many resignations rolling in. Ahead of the vote already on Sunday, Philip Hammond, Chancellor of the Exchequer said that he will not support Johnson and that he would quit if Johnson wins. After Boris’ win, he announces his resignation live on the Andrew Marr Show and he had a message for Boris which was simply ‘get a deal on Brexit’.
That’s not all… Ahead of the vote on Tuesday, Rory Stewart, International development Secretary also said that he intends to resign if Boris Johnson wins the leadership contest. He said in a tweet after congratulating Johnson that it has been an honor to serve in the various roles of the government. He concluded, saying “Backbench tomorrow serving Cumbria”.
Although it is not a formal resignation it is a sign that before Johnson takes office at No. 10 on Wednesday, he like Justice Secretary David Gauke and Philip Hammond, Chancellor of the Exchequer, intends to resign. Nicky Morgan, Conservative MP for Loughborough, who is allegedly a remainer of Brexit, said that the new prime minister should be given time to lay out policies and establish a Cabinet. She said that the situation will become more unpredictable in September. She added that whilst a no-deal Brexit would be undesirable, the deadline of October 31 should not be pushed again as businesses want the issue resolved. She continued saying that Boris’s talk of unifying the party is right and that the divisions in the country need to be healed and he needs to make sure there is a good spread of people around his table. According to the new leader of the pro-EU Liberal Democrats, Jo Swinson who said that Tories who are unhappy with Boris Johnson because he is willing to exit the EU without a deal could get support for a second Brexit referendum in Parliament. In the interview with BBC, Swinson allegedly said that there is a chance that there will be more Conservative MPs including the ones that will soon not be in the government who will back a People’s vote. With only 3 months left to the Brexit deadline of October 31st, Boris Johnson still needs to assemble his cabinet which many predict will be made up of a majority of Brexiteers and clear out the ‘remainers’. While Brexit dominates British politics, Boris Johnson will also have his hands full following the seizure of a British registered oil tanker by the Iranian revolutionary guard. Soon to be the next Prime Minister of the United Kingdom, Boris Johnson is a prominent pro-Brexit figure who is highly educated, charismatic and is confident of delivering UK’s withdrawal from the European Union. What this historic event means is this… As a trader and investor, you have an exciting opportunity to take advantage of the following British CFD instruments at Plus500: • UK100 • GBP/USD • UK Brexit High 50 Index • And many more! Trading British CFD instruments with the leading Forex/CFD broker Plus500 offers many exciting opportunities like never before.
Plus500 UK Brexit High 50 Index

Plus500 UK Brexit High 50 Index

*Illustrative prices only
Here’s the interesting thing… There are so many variables and uncertainties in play like will it be a hard or soft Brexit and the outcome it will have on the UK economy are exciting opportunities for traders. Now, traders can trade a unique index, the Brexit High 50 Index CFD (BUKHI50P) that lists the companies that most likely will be affected by Brexit on Plus500’s platform. And the best part? Odds are that you can expect the markets to experience volatility. You can keep ahead with all the latest developments and market trends at Plus500 so that you are in a position to take advantage of events as they unfold. Plus500 is listed on the London Stock Exchange and is regulated and authorized by leading financial institutions offering a safe and secure trading environment. Here are a few of the perks you can enjoy at Plus500: • Maximum leverage of 1:30 • Choice of over 2,000 instruments of indices, forex, commodities, shares and cryptocurrencies to trade. • Advanced powerful tools with guaranteed stop, stop/limit/stop/loss/trailing stop • Free notifications on market events to your email or mobile • Alerts on price movement • Powerful advanced technical financial analysis tools and charts. • No commissions • Free unlimited demo account

The Bottom Line?

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