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Conservatives Retain Cameron’s Seat

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British Prime Minister Theresa May’s ruling Conservative Party held the parliamentary constituency vacated by David Cameron but saw its majority cut significantly as thousands of voters flocked to a pro-European Union opposition party.

Just weeks after Britons backed Brexit, former Prime Minister Cameron said he would resign as a lawmaker from the southern English seat of Witney, which bucked the national trend by voting to remain in the European Union.

On Friday, the Conservatives retained the constituency, garnering 17,313 votes, but saw their share of their vote fall from 60 percent to 45 percent compared to the General election result last year.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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