HomeLive CommentsConfidence vote on UK PM May triggered, Sterling steady

Confidence vote on UK PM May triggered, Sterling steady

It’s confirmed. Graham Brady, chair of the 1922 Committee, has received at least 48 letters from Conservative PMs for a confidence vote on Prime Minister Theresa May. The’s over 15% threshold for triggering the request. A ballot will now be held today between 1800 to 2000 GMT today.

Brady said in a press release that “the threshold of 15% of the parliamentary party seeking a vote of confidence in the leader of the Conservative party has been exceeded.” And, with votes counted “immediately afterwards and an announcement will be made as soon as possible”.

Sterling is actually rather calm on the news.

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