Theresa May Quits As PM – Gold In British Pounds Reaches £1,015 Per Ounce

• Gold in British pounds consolidates over £1,000 per ounce after reaching £1,015 per ounce due to political uncertainty and concerns of a Hard Brexit
• Theresa May, in an emotional speech outside 10 Downing Street, said she had “done everything” she could to convince MPs to back the withdrawal agreement she had negotiated with the EU
• “I will shortly leave the job that it has been the honour of my life to hold” May said. She said that it was with “deep regret” that she had ultimately failed to reach a consensus on Brexit
• Political fragmentation and divisiveness and the increasing risk of radical parties of the left and the right will create significant uncertainty and impact the pound in the coming weeks
• The “elephant in the room” is the massive total UK debt which is completely unsustainable and yet is being ignored with all the focus on Brexit

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