Britain's early general election was a huge gamble. Prime Minister Teresa May thought the Conservatives could exploit the Labour Party's weakness. As it turned out, her party lost some seats in the parliament and she has to form a coalition government with Northern Ireland's Democratic Unionist Party.

May hoped to bolster her bargaining stance with the European Union with a clear electoral victory. But with her failure to achieve that goal, certain EU members could take a tough position on Brexit and prolong negotiations with Britain. This development could help ease fears of a disintegration of the EU or the euro.

The pound is now at an historic low, while the greenback is weak. Thus, prospects of the pound's fall against the US dollar are limited. But the pound is falling against the euro so the poll's biggest beneficiaries appear to be the EU and the euro.

I am more worried about the United States. In recent months, confidence in US dollar assets has weakened. President Donald Trump is the major culprit in this phenomenon. After his recent trip to the Middle East, Saudi Arabia and other Arab countries isolated Qatar, aggravating conflicts in the region. While his excuse was to fight terrorism, it is hard not to believe that his real target is China. This is because after the recent Belt and Road Summit, Qatar was one of the countries largely supportive of China.

But the biggest problem is after Trump helped shake up the Middle East, there are no clear plans to press on with his policies. The "politicians-and- businessmen" technique is getting more and more obvious. Threats did not dissuade North Korea from conducting more missile tests. Lack of follow-up action after air strikes in Syria and the isolation of Qatar may stir up complications. How serious are those problems? They can be tackled next week.

Andrew Wong Wai-hong is an independent commentator.