British Prime Minister Theresa May unveiled a timetable for her departure as leader on Friday morning, drawing her turbulent three-year premiership to an abrupt end.
In an emotional speech outside 10 Downing Street, May said she had “done everything” she could to convince MPs (members of parliament) to back the Brexit withdrawal agreement she had negotiated with the European Union. But, it was with “deep regret” that she had ultimately failed to reach a consensus among lawmakers.
May will step down as Conservative Party leader on June 7, with a leadership contest set to take place the following week. She will continue as an acting prime minister until a new leader is in place.
It means May will still be in Downing Street for the state visit of President Donald Trump from June 3. On three occasions, U.K. lawmakers have refused to vote in favor of May’s much-maligned Brexit deal, leading to open challenges to her premiership from within her own party.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies