Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

May Asked To Leave

Published 05/23/2019, 07:02 AM

Testing times for the pound and PM Theresa May as the fate of her Withdrawal Agreement is overshadowed by her future as Prime Minister. It's highly probable that a fresh vote of no confidence could be allowed if May does not step down by Friday. Global indices extend their sell-off with the yen the top performer, followed by the franc. The GBP short was topped out at 1.2630.

May Asked To Leave

The fact that the UK Parliament's agenda for the week of June 3rd does not contain any list the Withdrawal Agreement vote, highlights that PM future as PM will be the key issue after an expected drubbing for the Conservative Party in today's EU Elections. Markets resume their selling, with 25200 in the Dow30, and 2800 in S&P 500 seen as crucial support levels, while 11870 for the DAX looms large.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.