Theresa May to step down on June 7

Theresa May has just announced that she will step down as the leader of her party on 7 June. May will continue to serve as the UK Prime Minister until the new PM is elected. The British pound began to erase daily gain on the news.

Economic calendar: Sales figures from Canada and US consumer sentiment data
Morning wrap
Daily summary: Global equities struggle, the pound swings on BoE’s decision
BREAKING: Natural gas plunges 11%
US Jobless Claims Below 1 Million for 3rd Week
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