Sterling has weakened further this morning as European election voting begins. This comes as the Prime Minister’s exit looks more likely than ever, following reports that many MPs expect her to resign in the next day or two. Former Leader of the House of Commons, Andrea Leadsom, resigned yesterday evening due to a ‘breakdown in Government processes’ over Brexit.
The pound remained weak yesterday after the Prime Minister received a frosty reception in Parliament. She urged MPs to back her Brexit plan, calling for a “compromise on all sides.”
However, her plan has only fuelled further calls for the Prime Minister to resign. On the off chance that May resigns in the coming days, Boris Johnson looks to be the favourite to replace her.
