James Rossiter , senior global strategist at TD Securities, suggests that the power structures of Europe will look very different six months from now as new players will occupy the positions of UK Prime Minister, ECB President, European Council President, European Commission President, and European Parliament President.
“A new Governor for the Bank of England will also be announced in the autumn. In addition, we see risks of elections later this year in the UK, Germany, and Italy, among others.”
“Throughout this transition of power, there will be great uncertainty. Politics will frequently be put ahead of rational choice, leaving outcomes at this stage almost completely unpredictable.”