Theresa May resigns as UK Prime Minister

In an emotional speech to the nation Theresa May announced she will resign as the Prime Minister of the UK. Whilst this announcement has been expected for some time her departure of the 7th of June is sooner than many had anticipated. The pound has managed to remain stable through the news which is testament to how expected the announcement was in the markets. The level of Speculation as to her successor continues to remain high with Boris Johnson remaining the bookies favourite to succeed her but that remains far from certain.