UK Prime Minister Theresa May will stay on in her leadership role, lawmakers in her party decided Wednesday, but there is still no clarity regarding how Britain will follow through on its bid to exit the European Union.
May survived a confidence vote called for by members of her Conservative Party, but around one-third of Tory lawmakers voted to oust her from office.
Speaking outside 10 Downing Street after the vote, May said that “while delivering Brexit is important, we also need to focus on other issues … including building a stronger economy.”
May will be in talks with the European Commission on Thursday “seeking legal assurances” regarding a controversial provision dealing with the border with Northern Ireland.
The UK prime minister has been seeking to gain support for an agreement reached with the EU to exit the bloc amid harsh opposition from hardline Brexiteers in her own party as well as lawmakers opposed to leaving the EU.
The prospects of a no-deal exit from the EU, which analysts say would be calamitous for the UK economy, has weighed on the pound, though the unit gained earlier on Wednesday.
The pound sterling held on to gains after May won support from a majority of her party (200 votes), despite the 117 votes cast against her.