# Theresa May announces she will step down as UK prime minister

> Prime Minister Theresa May announced she will resign and step down as Conservative Party leader on June 7 after failing to win parliamentary support for her Brexit withdrawal agreement. She said a new prime minister should lead the effort to leave the EU. The resignation adds uncertainty over the timing and terms of Brexit.

- Date: 2019-05-24 · published 2019-05-24T12:00:00.000Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/59329-theresa-may-announces-she-will-step-down-as-uk-prime-minister
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Political uncertainty weighs on sterling and risk sentiment, which can feed through to currency-driven shifts in UK and European feed import costs. The direct effect on grain and oilseed prices is small.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/24/theresa-may-step-down-as-uk-prime-minister.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.