The pound has weakened after the Commons rejected the chance to pass legislation to block a no-deal Brexit. The Labour Party, along with Tory rebels, put the motion to Parliament. However, this was rejected by 309 votes to 298. Opponents of no-deal are worried that the new Prime Minister could force a no-deal Brexit through by suspending Parliament.
The first ballot vote for the Conservative leadership will take place today between 10am and 12pm, with announcements likely to be made around 1pm. Any candidates with less than 5% of the vote will be eliminated. If all candidates have more than 5%, then the MP with the least amount of votes will be taken out of the race.
