UK PM Theresa May to issue a statement at 10.15 GMT, Snap general election on the cards?

Dhwani Mehta FXStreet

Livesquawk reporting latest headlines, citing that the UK PM Theresa May is expected to issue a statement in Downing Street at 10.15 GMT today.

Chatter is doing the rounds that the PM may call for a snap election in her statement. However, her spokesman said on March 20 that a snap general election "isn't going to happen."

According to BBC's political editor, the PM only calls these types of announcements for most serious matter.

Meanwhile, the pound slumps almost 70-pips on the above headlines, knocking-off GBP/USD to fresh daily lows of 1.2515.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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