British PM Theresa May survived the no confidence vote from her own Tory Party yesterday evening as 200 voted that they do have confidence in her while 117 voted that they have no confidence. This was more than enough for her to stay on as PM as there can’t be another no confidence vote for twelve months from her party. The opposition Labour Party may decide to push through a no confidence vote in her abilities which could lead to a new general election.

The biggest news story in financial markets today is the chaos in which UK Prime Minister May found herself after announcing yesterday that the text for a draft agreement has been reached between the EU and the UK. While her press conference yesterday evening was lackluster, those few who cheered the text only had a few hours of joy. Today she was faced with more resignations from her inner circle in protest of her handling Brexit negotiations. The British Pound plunged this morning, but has started to stabilize near solid support levels following the initial knee-jerk reaction.