.A centrist, pro-EU coalition would still be possible in the new chamber that will sit for the first time on July 2nd. But it would be more difficult to piece together among more numerous partners, according to the European Parliament's estimates.The longer-term impact of the election, therefore, remained unclear, analysts say. "It's difficult to foresee what will happen to Brexit, the political situation in Italy and elections in Greece just by looking at the vote count," said Shin Kadota, senior strategist at Barclays in Tokyo. "We may not see an immediate market reaction, as the election outcome will have to seep in first before beginning to have a political impact on the various countries. "The pound was 0.1% higher at $1.2727.

Source: The Star May 27, 2019 00:22 UTC