British PM calls for general election in June

Apr 19, 2017 (LBO) – British Prime Minister Theresa May has called for a snap general election on June 8th, claiming that divisions at Westminster risk hampering Brexit negotiations.

The Prime Minister will require the support of two-thirds of MPs to go to the country, with a vote scheduled in the Commons on Wednesday after the surprise announcement, The Telegraph reported.

May, who has a fragile working majority of just 17 in the Commons, had previously insisted she would not seek a general election before 2020.

The pan-European Stoxx 600 ended 1.1 percent lower with all sectors and major bourses trading in negative territory after the announcement.

Sterling rebounded sharply against the dollar surging more than 1.5 percent to hit $1.2758, its highest level since mid-December.