Pound Spikes After May Says She Has “Full Support” Of Her Cabinet

Prime Minister Theresa May says she is providing "calm leadership" and she has the "full support" of her Cabinet
— Sky News Newsdesk (@SkyNewsBreak) October 6, 2017

Amid speculation and doubts that UK Prime Minister Theresa May could be forced to resign as soon as Christmas amid a mutiny of Tory MPs following her disastrous conference speech, which resulted in the pound’s biggest weekly decline since last October’s flash crash, moments ago the UK Press Association reported that Theresa May said she is providing ‘calm leadership’ with the ‘full support’ of her cabinet, which sent the pound surging in kneejerk reaction.

This post was published at Zero Hedge on Oct 6, 2017.