With less than two days before UK voters head yet again to vote, PM Johnson’s Conservatives hold on to a narrowing lead. Just weeks ago it appeared that Johnson will ride to victory with a double-digit lead over Corbyn’s Labour party, but some polls show the majority slipping away. Memories of 2017 come to mind, then-PM May called early elections in the hope to secure a more sizeable majority. She ended up losing her majority, fast-forward two years, and we may be looking at yet another uncertain outcome.

UK Prime Minister Boris Johnson lost his sixth vote in Parliament after his second attempt to call an early election failed to satisfy the require majority. He final vote was 293-46 in favor of an early election, but the opposition Labour party abstained and Speaker John Bercow declared that the majority didn’t meet the requirements of the Fixed Term Parliaments Act. PM Johnson stated “I earlier urged the house to trust the people. But once again, the opposition think they know better.” A two-third majority is required in order to call for early elections.

Prime Minister Boris Johnson is facing a key vote this evening in Parliament as rebels from within his own party are expected to join ranks with the opposition in order to thwart a no deal Brexit. The UK is now scheduled to leave on October 31st 2019 and PM Johnson stated that he will not ask for an extension. He vowed to deliver Brexit to the people and honor the results of the 2016 referendum where 52% voted to leave the EU. Most recent polls suggest that the number rose to 56% after Johnson took over as prime minister only a few weeks ago.

Happy New Year! As traders will take a break from trading today due to the markets being closed, many will start to prepare their portfolios for the 2019 trading year which will kick off tomorrow. The following four themes are very likely to have an impact on price action across asset classes and every forex traders need to remain informed about them. One key area of focus will be the US-China trade war. Ripple effects have been felt around the global economy already and are likely to continue until it will be resolved.

As the Brexit deadline approaches and the disagreements widen, some voices in UK politics are rumored to secretly prepare for yet another snap election. In the open, politicians dismiss the idea for an election but it is clear that they grow wary and nervous that one could creep up. Prime Minister Theresa May is losing support and many believe that she won’t be able to deliver the type of Brexit that would be acceptable to both sides of the aisle.