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13 December 2019

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Sir

This was a stunning election result for Boris. Constituencies that have always voted Labor for more than 50 years went to the Conservatives. I speculate that it was a repudiation of those that fought the Brexit referendum results for years. I assume many voted to “get Brexit done”, which was Boris’s mantra during the campaign.

Let’s see what kind of Brexit he achieves. In any case all the fearmongers have been proven wrong as the pound strengthened as the exit polls came out. The fx markets are clearly acting bullish, which is a huge negative for the Brussels crew. I can see Merkel wanting to do a deal for the sake of German industry.

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