Theresa May’s statement – Potential snap elections ? - Live

UK’s PM Theresa May will make a statement at Downing St. at 1015GMT. Speculations are on the rise regarding the potential call for snap elections – despite this has been ruled out in late March – while other rumours are citing the possibility that she could resign on health issues.

GBP sold off on those rumours, forcing GBP/USD to shed almost a cent from levels above the 1.2600 handle to the vicinity of 1.2510, where it is now looking to consolidate.