Another delay is in the process of being formalized. The length of the extension is three months in order to give the UK time to implement the PM Johnson’s Brexit deal which received majority support in Parliament. France wanted a shorter extension than most other members prefer. UK PM Johnson is pushing for an election on December 12th while two opposition parties, the SNP and the Liberal Democrats, push for an election even sooner.

While Canadian PM Trudeau managed to lead his Liberal Party to victory with a projected 157 seats in the next Canadian Parliament, it fell short of the 170 required to hold onto a majority. The most likely outcome will be a minority government by Trudeau’s Liberal Party which would represent a weaker governing position than before. The Conservative Tories, led by Sheer, are projected to have secured 121 seats, up 22 seats as compared to their previous 99 seats while also winning the popular vote.

The second biggest election in the world, trailing only India which also just concluded and gave incumbent President Modi a major victory, are behind us. Over the next few weeks, as the EU Parliament will be reshuffled, forex traders will assess how this may impact the Euro moving forward. The EU has been plagued by infighting and slow bureaucratic progress and after the new mix of politicians following heavy losses by the Grand Coalition, this will only get more complicated over the next five years.

Sweden doesn’t make the headlines very often as it used to be a very peaceful, Nordic economy usually ranked in the Top 5 countries to live in. A well educated population, wealthy and great living standards. Things have changed over the past decade and the September 9th election are deemed historical as it could change politics in Sweden dramatically. The Social Democrats are predicted to suffer heavily for the policies they pushed and for ignoring voters concerns.

Italy may have another election as soon as this September as Italian President Sergio Mattarella rejected the Finance Minister picked by the coalition formed after election results a few weeks ago. Initially, Luigi Di Maio, the leader of the Five Star Movement, and Matteo Salvini, the leader of the Northern League, ruled out a coalition.

With the Brexit mood souring again as EU President Donald Tusk is visiting the UK and the start of March ringing in the final twelve months of Brexit negotiations before the UK will leave the world’s largest trading bloc, the EU, some may not pay as much attention to what could move the Euro next: Italian elections. Italians will go the polls on Sunday, March 4th and many Italian voters are still undecided.

As Wall Street grapples with the election of Donald Trump as the next US president, it appears the order of the day is uncertainty. Among the myriad uncertain consequences of Trump's election is the real possibility of a major shake-up at the Federal Reserve. Some economists say that in terms of possible problems for the economy going forward the main risk is monetary policy uncertainty.

The Greek elections are over and Greek President Papoulias has sworn in Alexis Tsipras as the new Greek Prime Minister.