Published: Fri, June 09, 2017
Entertaiment | By Lawrence Myers

Pound dips after exit polls indicate hung parliament

Pound dips after exit polls indicate hung parliament

With the party in a position to hold the balance of power at Westminster, senior MP Sir Jeffrey Donaldson said the DUP would be "serious players" in the hung parliament, telling the BBC: "This is flawless territory for the DUP because obviously if the Conservatives are just short of an overall majority it puts us in a very strong negotiating position and certainly that is one we would take up with relish".

With no clear victor likely to emerge from Thursday's vote, a wounded May vowed to provide stability, while her Labour rival Jeremy Corbyn said she should step down. "Britain on a knife edge", said the Daily Mail.Senior Conservatives were quick to say exit polls had been wrong in the past.

LONDON (AP) - British Prime Minister Theresa May's gamble in calling an early election appeared Friday to have backfired spectacularly, with her Conservative Party on the verge of losing its majority in Parliament.

Labour leader Jeremy Corbyn urged her to resign, but she said her party would "ensure" stability in the UK.

However, Mrs May believes she has the numbers to form a government and will visit the Queen to seek authorisation to do so at midnight (NZ time), the BBC's Laura Kuenssberg says.

The EU says Brexit negotiations can start on Saturday morning
Theresa May will form a minority government

"I think the Conservative Party needs to recognise it can not re-enter government in the way it is at the moment, in its unstable, divided form".

DUP said there was no need for a formal coalition deal in order to back Conservatives.

Labour's John McDonnell agreed that it was too early to call the result, but added that if the poll was correct it would "change the nature of politics" in the UK.

Sterling tumbled two per cent against the U.S. dollar to 1.26744 and a similar amount against the euro to 1.13, after Conservatives failed to win a majority in the 2017 election.

By Friday morning, pressure was mounting on May, who called the snap election in the hope of increasing her majority and strengthening Britain's hand in exit talks with the European Union.

USA tells United Nations rights council to remove 'chronic anti-Israel bias'
But she made no mention in her post of Egypt or Saudi Arabia, two US allies elected despite their poor human rights records. John Fisher, the head of the Human Rights Watch, has said that they expect the US Ambassador will call for reforms.

Results | Labour has won a handful of seats from the Tories and the SNP as Theresa May is on course to lose her majority in Parliament.

"I would have thought that's enough to go, actually, and make way for a government that will be truly representative of all of the people of this country".

Sterling fell almost two percent against the dollar on the back of the exit poll, as investors questioned who was now going to control the Brexit process. "In 2015, they underestimated our vote, in a couple of elections before that, they overestimated our result". In fact, Nick Clegg, deputy prime minister in the coalition government with David Cameron, the last prime minister to hold a vote he didn't have to that ended disastrously, lost his seat.

In Scotland, the pro-independence Scottish National Party suffered major setbacks.

The UKIP leader Paul Nuttall has stepped down, saying there must be a new era for the party after its vote collapsed. A party required 326 seats to win the election.

EU fears Brexit delay, uncertainty after shock UK vote
France's prime minister Édouard Philippe said on Friday that the result was surprising but it did not put Brexit into question, the AFP reported.

Rachel Sheard, who cast her vote near the site of the London Bridge attack, said the election hadn't gone as expected - and that it certainly wasn't about Brexit.

She inherited the role of prime minister after her predecessor, David Cameron, made the wrong call over the United Kingdom referendum on staying in the European Union.

Labour took Canterbury, a seat which had been held by Conservatives since 1918, and claimed Tory scalps in a string of seats including Bristol North West, Stroud, Warwick & Leamington, Stockton South and Vale of Clwyd.

The Green Party would be unchanged with one seat and Plaid Cymru would still have three MPs, according to the poll.

Northern Ireland has different political parties.

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But to a seasoned prosecutor like Comey , well, there is truth and there are lies and it's not so hard to tell the difference. She's argued she was on track to a victory when Comey's move raised fresh doubts about her. "There should be no fuzz on this.

"Whatever happens, Theresa May is toast", said Nigel Farage, former leader of the anti-EU party UKIP. "I was kind of hoping it would just go the way that the polls suggested it would and we could have a quiet life in Westminster but now it's going to be a bit of a mess".

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