UK prime minister defends decision to seek snap election

But Theresa May's decision to call a snap general election little more than a month later on June 8 put that in doubt.

Prime Minister Theresa May chided opposition leaders for trying to join hands, and insisted she and her Conservative Party alone could get the best Brexit deal for Britain. Is this rise sustainable?

A larger Conservative majority would act as a stabilising factor that would make upcoming negotiations with the European Union less disruptive - a point reflected by the resurgence in the pound after the British prime minister's announcement on Tuesday morning.

In a sign of the difficulties Theresa May will face if she remains in power after the election, Mr Tajani indicated that any agreement on the rights of EU citizens in the United Kingdom - and Britons on the continent - would be subject to rulings by the European Court of Justice (ECJ).

While the removal of some uncertainty will certainly support the boost in Pound, it still remains vulnerable to multiple headwinds that include risk of a divided election outcome, interest rate differentials with the Fed and uncertainty related to UK's trade relationship with the EU.

May and her Brexit ministers face tough negotiations with Brussels to agree a deal for Britain after it leaves the EU.

Corbyn said to MPs: "We welcome the opportunity of a general election because it gives the British people the chance to vote for a Labour government that will put the interests of the majority first".

"If you look at the timetable, had the election been in 2020 we would have been coming up to the most crucial part of the negotiations, at the end of the negotiations, in what would be starting to be the run-up to a general election".

Making the announcement outside 10 Downing Street in London, the Prime Minister voiced her conviction that another election was "the only way to guarantee certainty and security for years ahead".

The early election is the latest twist a turbulent year in British politics, which was plunged into turmoil when the country unexpectedly voted to leave the European Union last year.

Meanwhile Theresa May felt confident enough to withdraw from a leaders' debate, saying she'd rather speak to people on the doorstep.

The opposition Labour Party and the Liberal Democrats welcomed May's surprise call on April 18 for the early poll, while the Scottish National Party (SNP) signaled that its deputies would abstain in the vote.

Liberal Democrat leader Tim Farron said that, for Ms May, calling the election is "the political equivalent of taking candy from a baby".

May continues to be the favored choice for prime minister, with 54 percent of people preferring her to Labour's Jeremy Corbyn, who is backed by 15 percent of voters. An early ballot will give the next leader more time to implement Brexit before another election. "Of course, there are going to be several difficulties for the Conservatives in the election campaign including the impact on Scotland and the potential for a second referendum, and a focus in the campaign on what sort of post-EU Britain the Conservatives want".

  • Anthony Vega