UK: Clifton-Brown says May will face confidence vote if she does not quit on Friday, GBP/USD pressured
|Geoffrey Clifton-Brown, the treasurer of the Conservative Party's 1922 Committee said that if PM Theresa May does not announce her resignation date tomorrow, his committee will force a new confidence vote in her leadership.
The PM has resisted calls for her to quit and lost one minister, Andrea Leadsom, which refused to support the new deal on Brexit.
GBP/USD has been under immense pressure on the prospects of May's departure and fears she would be replaced by a hardliner such as her former Foreign Minister Boris Johnson. The currency pair has reached a new four-month low at 1.2605.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.