- Early UK election results are coming in and exit polls project the Tories have the largest number of seats of any single party, but have lost their working majority.
- While the conservatives hold power, the results so far qualify as a disappointment for Prime Minister Theresa May, who dissolved parliament last month in hopes or broadening a working majority of 17 seats.
- The Tories have 314 seats, down from 330, according to the exit poll. Labour is the second-largest single party, with 266, ahead of the SNP's 34.
- A working majority would call for holding 323 seats of the 650 regional constituencies.
- If the poll holds up, May may be out as PM fairly quickly. But British polls ended up way off in predicting a Labour victory in 2015 rather than the (surprising) Tory win.
- The pound has rapidly slipped 1.5% against the dollar.
- ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR
- Now read: Britain Is In The News, Is It Also An Opportunity To Buy?
Original article