UK Leadership Contest In UK PM May Has Been Triggered With Threshold Of 15% Of Conservative Parliamentary Party Required Been Exceeded – RTRS | Forex Factory

  • UK Leadership Contest In UK PM May Has Been Triggered With Threshold Of 15% Of Conservative Parliamentary Party Required Been Exceeded – RTRS

Added at 1:42am

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NotAtrader
Dec 12, 2018 2:07am
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English people, what have you done?
This is the biggest political comedy in the human history.
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lisat
Dec 12, 2018 3:17am
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Anyone who thinks the government is running these Brexit talks is being very naive, its the civil servants doing that, and as a whole there are too many people lining their own pockets from the EU, of course they don't want Brext. We have had Brexit Secretaries resign because of the fact they have no sway in the talks. Scare mongering from on high, is going on in the UK and has been from the start, its disgusting that they are trying to ignore and water down what the people voted for.
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realjumper
Dec 12, 2018 2:06am
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Well, it had to happen didn't it? She's made a dogs dinner of the whole Brexit negotiation process. If she doesn't survive this vote, and the chances seem likely that she won't, whoever takes on the job has pretty much got a poisoned chalice to deal with.
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realjumper
Dec 12, 2018 3:03am
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Quoting barkie
{quote} Sure but the people voted for the conservative party with the understanding that Theresa would stay pm or do you think that the conservative party had won if crazy Nadine Dories would be elected by them ? The people wanted Theresa and now these old fossils are about to torpedo the will of the people. Not exactly a win for democracy, take it to the street.

In a general election, the people vote for a) their local candidate who they feel will best represent them. or b) the party of their choice. The party policy is determined by the party, not by the PM.

Theresa May (who is 62 years old) is being challenged for her position as PM via a democratic party vote. This is how party leaders are elected.....by the party, in a democratic internal election process. Party leaders (and therefore Prime Ministers) are not elected by the people. If the majority of the Conservative Party vote to retain her as Prime Minister, then it will be so. If the majority of the party vote to remove her from that position, then it will be so, and a new leader (and therefore PM) will be elected.

Democracy in action.
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lisat
Dec 12, 2018 3:37am
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Quoting Ratmach
{quote} I don't know exactly how the British form of government works, but I recently learned that not just anyone can be PM. It has to be a member of one of the top parties or something... right? Which would explain why the obvious best choice (IMO) for PM isn't mentioned... Nigel Farage.
The UK votes for a political party, and the party itself votes for its leader who if in power becomes PM. Nigel Farage was part of UKIP party and thats why he couldn't get in as an MP because its an extreme party. However, if Nigel Farage joined the Conservatives I would be a happy bunny
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realjumper
Dec 12, 2018 2:31am
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Quoting barkie
Theresa is treated like an animal, the people of the UK elected Theresa, the people of the UK wanted Theresa for pm, now some useless envious backbenchers are going to decide in a backroom to kick her out. The will of the people MUST be served ! People rise up and defend democracy, take out your Yellow Vests !

The "people of the UK" also elected the backbenchers. However, the Conservative Party elected Theresa to the position of Prime Minister (after Cameron resigned), not the people.
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swing77
Dec 12, 2018 2:15am
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be best SNIPER at GBP
Attached Image (click to enlarge)
Click to Enlarge Name: BRb9m0WFBgs.jpg Size: 496 KB
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swing77
Dec 12, 2018 2:13am
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hey what happen......people?? GBP still a FAVORABLE currency, rilex ......slowly but sure. beatiful strategy but a DEATH . come on focus and always take a good managemen risk while trading, dont sad or angry.....
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Not-KPMG
Dec 12, 2018 5:31am
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All lies.

Ignore, it's bread and circuses.



I'm perfectly certain, Brexit will be cancelled.

I'll follow John McAfee steps and eat my .... err... if NOT cancelled.

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barkie
Dec 12, 2018 2:26am
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Theresa is treated like an animal, the people of the UK elected Theresa, the people of the UK wanted Theresa for pm, now some useless envious backbenchers are going to decide in a backroom to kick her out.

The will of the people MUST be served ! People rise up and defend democracy, take out your Yellow Vests !
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Et2017
Dec 12, 2018 4:24am
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Quoting lisat
Anyone who thinks the government is running these Brexit talks is being very naive, its the civil servants doing that, and as a whole there are too many people lining their own pockets from the EU, of course they don't want Brext. We have had Brexit Secretaries resign because of the fact they have no sway in the talks. Scare mongering from on high, is going on in the UK and has been from the start, its disgusting that they are trying to ignore and water down what the people voted for.
'the people' (a highly convenient term to hide everything behind) vote for (if they didn't simply and naively vote AGAINST) what they have been told would happen if they vote this or that way. Truth is, those who tell them this or that will happen, have their own agenda to do so. Unfortunately history shows that it never happens as it has been announced. And then the big blaming-others starts... Or the ones responsible just run away.
I sincerely hope that it works somehow out for "the people", as THEY are usually the ones waking up with a headache when the party is over. And then THEY have to pay the bill.
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Et2017
Dec 12, 2018 5:59am
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Quoting lisat
{quote} ....their view has been only hardened...
I fear you are perfectly right (not talking politically). You brought it to the point. There is no open mind in play anymore. Only grim defense of old positions.
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NotAtrader
Dec 12, 2018 2:51am
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Quoting Brotyboy
{quote} England is not the UK.
I know mate and I am sorry. That’s just the way for me to say it.

However this is not good political behavior. As mentioned above, U.K. people elected her to do the job and while she is abroad working for the nation some hungry dogs with bloody teeth are working against her instead of working on solutions for the country.
Time flies and day by day the power of the ones Great Britan is melting away as the economy melts down because of never ending political deadlock.

How on earth grown up people with long political experiences can run the country into a blind road and refuse to make “U” turn!!!
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Ratmach
Dec 12, 2018 3:27am
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Quoting lisat
Anyone who thinks the government is running these Brexit talks is being very naive, its the civil servants doing that, and as a whole there are too many people lining their own pockets from the EU, of course they don't want Brext. We have had Brexit Secretaries resign because of the fact they have no sway in the talks. Scare mongering from on high, is going on in the UK and has been from the start, its disgusting that they are trying to ignore and water down what the people voted for.
I don't know exactly how the British form of government works, but I recently learned that not just anyone can be PM. It has to be a member of one of the top parties or something... right? Which would explain why the obvious best choice (IMO) for PM isn't mentioned... Nigel Farage.
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Ratmach
Dec 12, 2018 3:33am
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Quoting ultra99
{quote} Nigel couldn’t even get elected as an MP.
The dude should have immediately been bumped up to the top spot as soon as he tweeted his little "Wakey wakey!" Greatest trolling in the history of the world.
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lisat
Dec 12, 2018 5:36am
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Quoting Not-KPMG
All lies. Ignore, it's bread and circuses. I'm perfectly certain, Brexit will be cancelled. I'll follow John McAfee steps and eat my .... err... if NOT cancelled.
They can't just cancel it, they will have to have another vote to see if we have changed our minds. They got the feelings of the people wrong in 2016 and they're still getting it wrong. 1 and a quarter million more people voted to leave than to stay, so unless that many people have changed their mind they willl get the same result again. The people I know and speak to who voted to leave have not changed their minds, and in fact their view has been only hardened by what is seen as a deliberate attempt to thwart at every turn our will to leave.
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hkg_paul
Dec 12, 2018 9:03am
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Quoting Guest
The Pound isn't hurt by the news too much. Maybe the worst for the Pound is already over. Keep in mind that the Pound still has the potential to become a new Swiss Franc from a European and American perspective. I assume that the upside is currently much larger than the downside. But of course it is an assumption ...
if May survive later .... that mean NO Deal Brecit mount again.
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barkie
Dec 12, 2018 2:48am
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Quoting realjumper
{quote} The "people of the UK" also elected the backbenchers. However, the Conservative Party elected Theresa to the position of Prime Minister (after Cameron resigned), not the people.
Sure but the people voted for the conservative party with the understanding that Theresa would stay pm or do you think that the conservative party had won if crazy Nadine Dories would be elected by them ?

The people wanted Theresa and now these old fossils are about to torpedo the will of the people. Not exactly a win for democracy, take it to the street.
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Trader#580F
Dec 12, 2018 2:11am
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Quoting kazachokings
LiveSquawk moving the market big time again.. Wohooo fuckers
LiveSquawk is a news aggregation service.
LiveSquawk like NewsStand Moves NOTHING. It is a web service that aggregates syndicated web content such as online newspapers, blogs, podcasts, and video blogs in one location for easy viewing.
This News was widely reported in a half dozen major media in the minutes BEFORE LiveSquawk broadcast it.
Your understanding and perhaps of other readers here of how News aggregation works is clearly flawed.
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john0415
Dec 12, 2018 2:11am
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Bye bye to the bitch.
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Bakker
Dec 12, 2018 2:38am
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Gbp is going nowhere, so wat's the fuss?
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TudorIoan
Dec 12, 2018 5:42am
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Trading idea:
PM May out = government down = soft Brexit more possible = good, GBP/USD possible long

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kingleeny
Dec 12, 2018 1:51am
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rumor is CPI might be quite strong today....not just the May news
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ashimkhan
Dec 12, 2018 1:46am
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May please u speak some better talk bexit
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upasna
Dec 12, 2018 4:45am
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be ready for GBP blood bath
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Rakeem
Dec 12, 2018 2:03am
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Quoting kazachokings
LiveSquawk moving the market big time again.. Wohooo fuckers
hahahah do you really believe that one news mediator moves the market! Market movers learn news before that person, believe me
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zahidrock
Dec 12, 2018 2:15am
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R.I.P
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XuMar
Dec 12, 2018 2:26am
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GBP is happy with the May had been kick out
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kazachokings
Dec 12, 2018 1:46am
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LiveSquawk moving the market big time again.. Wohooo fuckers
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kazachokings
Dec 12, 2018 2:18am
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Ahh it will pull back fellas, stop mourning Someday ..
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Brotyboy
Dec 12, 2018 2:30am
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Quoting NotAtrader
English people, what have you done? This is the biggest political comedy in the human history.
England is not the UK.
Reply
ultra99
Dec 12, 2018 3:29am
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Quoting Ratmach
{quote} I don't know exactly how the British form of government works, but I recently learned that not just anyone can be PM. It has to be a member of one of the top parties or something... right? Which would explain why the obvious best choice (IMO) for PM isn't mentioned... Nigel Farage.
Nigel couldn’t even get elected as an MP.
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bond6627
Dec 12, 2018 2:31am
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that's so dramatic...
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SengMangan
Dec 12, 2018 4:53am
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is "jancuk" commedy
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ojay4real
Dec 12, 2018 2:22am
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Gbp more sell
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ultra99
Dec 12, 2018 3:28am
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GBP has actually reacted positively to this turn of events.
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Trader#7E4F
Dec 12, 2018 3:41am
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The Pound isn't hurt by the news too much. Maybe the worst for the Pound is already over. Keep in mind that the Pound still has the potential to become a new Swiss Franc from a European and American perspective. I assume that the upside is currently much larger than the downside. But of course it is an assumption ...
Reply
Trader#580F
Dec 12, 2018 3:50am
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For Information for non UK traders not familiar with whats happening here:
This challenge is about a vote of confidence called this evening within the UK Conservative Party, which is the government party currently in power in the UK... on the position of the Prime Minister, who, in the UK political system, is the elected leader of the party in power/government.

So if Teresa May (PM) looses this vote tonight, the Government Party, a delay to the Brexit March29 exit will be inevitable if only because it will take over a month to elect a new leader/PM.

The UK must in that case apply to the EU27 for an extension of Article 50. or crash out by default.
(The much feared by markets "Accidental No Deal Brexit".)

However any such extension to A50 beyond March29 cliff edge, requires THE CONSENT OF ALL 27 EU member states. And will create serious legal, procedural and political problems for the EU, in the context of the April 2019 EU Parliamentary elections. Our analysists advise that such unanimous consent for extension of the cliffedge deadline will come with strings attached.

For Traders GBP is just about to become even more challenging to trade.
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Trader#1E4B
Dec 12, 2018 1:46am
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R.I.P GBP )))
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Trader#9173
Dec 12, 2018 1:46am
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Death of GBP
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Trader#26F3
Dec 12, 2018 2:28am
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Quoting ojay4real
Gbp more sell
it will be great mistake for you
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