Prime Minister May survives the Conservative Party Confidence Vote. She was widely expected to win, but the margin was not strong enough to keep sterling bid. The victory means she cannot be subject to another party challenge for a year, but her ability to push a soft Brexit deal through will be questioned as 117 MPs voted against her.
Cable gave up half of this morning’s gain immediately following the results.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at firstname.lastname@example.org. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.