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PM May has usual Wednesday meeting with the...>

CABLE
MNI (London)
CABLE: PM May has usual Wednesday meeting with the Queen, reporters quickly
quelling any suggestion of a resignation tonight. Along with this, MP's report
that the 1922 Committee have decided not to change the rules to call another
vote of confidence in the PM, PM May to meet the chairman of the Committee
Friday after Thursday's European elections (blanket ban on political reporting
tomorrow) with possible decision to be made after this weekend's Whitsun break
(UK markets closed Monday, return Tuesday). Sterling has been swinging around
during the day on rumour led trade, will she-won't she resign, cable touching an
extended low of $1.2624 before recovery to $1.2690. Rate eased off to $1.2662
but has managed to edge to $1.2692 in post Europe trade. FOMC Minutes, due for
release at 1800GMT could provide some further volatility ahead of the close.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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