The British pound is trading sharply lower against the dollar Friday after voters in the U.K. delivered a stunning setback to Prime Minister Theresa May.
The currency sank more than 2% to trade below $1.27 after general election results showed that no single party had won enough seats to secure a majority in parliament.
The results raise major questions about whether May can remain prime minister and lead the country into vital negotiations on the country’s exit from the European Union, due to start on June 19.
