1. Citi says British PM Theresa May likely to resign

Citi says British PM Theresa May likely to resign

Citi said British Prime Minister Theresa May was likely to resign after she failed to win a majority in the election.

By: | London | Updated: June 9, 2017 11:44 AM
Theresa May, Citi , British PM, Commons, Conservatives, Tory, UK general election British Prime Minister Theresa May.(Reuters)

Citi said British Prime Minister Theresa May was likely to resign after she failed to win a majority in the election. “A period of political uncertainty lies ahead,” Citi said in a research note. “Following what is widely regarded as a poor campaign and failure to translate a strong lead in the polls into a larger majority in the Commons, we expect May is likely to resign,” Citi said, adding that a new election was possible.

(Further details awaited)

 

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