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British PM Theresa May calls for snap election on June 8

British Prime Minister Theresa May
British Prime Minister Theresa May

British Prime Minister Theresa May calls for an early election on June 8, saying it was the only way to guarantee political stability for years ahead as Britain negotiates its way out of the European Union.

 The pound strengthened by almost half a cent against the dollar as May spoke, reflecting investor relief that earlier rumours of a shock resignation did not transpire. Ten-year British government bond yields rose slightly.

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