Following the results from the UK’s general elections, (still) PM Theresa May will give a speech at 9GMT.
May has recently reiterated she will not resign despite Conservatives’ performance at the elections, although plenty of doubts are set to emerge regarding her leadership and ability to carry on with the Brexit negotiations (which were initially scheduled to start later in the month).
At the moment, Conservatives keep 316 seats, Labour 261, the SNP 35 and Liberal Democrats 12.
Against all odds, and is becoming a familiar pattern in major political events, a catastrophic and unexpected outcome for UK PM Theresa May's Conservatives has materialized.
Analysts at ING suggest that there are two reasons why another vote could occur: either if neither major party can reach an agreement with smaller parties, or if a newly formed government proves to be too fragile.
The UK election outcome looks close to the worst possible for sterling – if any winner, it may be regarded the EU according to the analysts at Danske Bank.
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.