Theresa May could become UK Prime Minister as early as today. Her last standing rival Andrea Leadsom quit the race after saying she does not have enough support for running a strong government. She was also engulfed by her own ugly statements about May not being a mother.
May, which backed Remain relatively quietly is also getting the backing of Justice Minister Michael Gove who competed with her until Thursday. He says she should become PM immediately.
The contest is over as the Guardian reports:
Graham Brady told journalists explicitly, in response to questions, that he would not be reopening the leadership contest
Brady is the party official but the 1922 committee will make the final call.
GBP/USD bounced off the lows of 1.2850 on the initial news and continue higher.
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