Comments by UK environment minister, Michael Gove

This is in reference to the question that if there is certainty that the WAB will be put forward to a vote on the first week of June. It basically means that they're not as sure now given the cold response from lawmakers overnight.

In some ways, I reckon this is a good thing for the pound. The current sentiment looks to be building towards whether or not Theresa May stays in office before the WAB is put forward to a vote. Hence, as long as she stays in office, the pound should remain offered given that the circumstances haven't changed.

But with May out of the way, it opens up a whole lot more avenues for the pound so we could see some relief and short covering because we don't have to deal with another failed "meaningful vote" in parliament.