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Conservative rebles seek vote of no confidence in May

Just as the mood seemed to be improving both in Brussels and Downing street with the pount recovering to highs of close to $1.30 Tory hard Brixiteers tried to stage a mutiiny. The prolonged wait for letters to try and oust the Prime Minister dragged the pound down. As it became clear May would survive the pound continued to fall to $1.25 as the markets stared at the uncertain government and waited for the opposition to react.