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May Survives Confidence Vote; Final Tally Is 200-117

• https://www.zerohedge.com, By Tyler Durden

Analysts said that if more than 100 Tories voted against May, it could create problems for her government and draw her credibility as prime minister into question.

Sterling has started moving lower on the result, as traders are correctly assessing that this doesn't bode well for May's Brexit deal (though she did receive more votes of support than when she was first elected prime minister, that margin improved by a mere 5 votes from 195 to 200).

As ITV's Robert Peston pointed out, more than half of the independent Tory MPs (that is, those who don't hold a post in the government), voted against the prime minister, which hardly inspires confidence.

As Bloomberg's David Goodman points out, this doesn't bode well for May's Brexit deal.

Assuming those 117 Tory MPs will vote against May's Brexit deal (obviously not a given), that result bodes pretty badly for her chances of getting it through Parliament.


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