Will Theresa May survive No Confidence Vote? What BBC report says

LONDON – The British pound jumped Wednesday after the BBC reported that amajority of Conservative Party lawmakers were set to back Prime MinisterTheresa May in a no-confidence vote.

At about 1330 GMT, sterling advanced to $1.2579, having earlier hit a fresh20-month low at $1.2478. The pound recovered to 90.18 pence versus the euro.

According to the BBC, May was set to win the vote with at least 158Conservative MPs — more than 50 percent of those eligible — havingpledged their support for the embattled premier.

May was hit by a no-confidence motion from her own party on Wednesday overthe unpopular Brexit deal she struck with EU leaders last month.

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The move plunged her deeper into her biggest crisis since she took officeafter Britons voted in June 2016 to leave the European Union. -APP/AFP