British Prime Minister May Calls for June 8 General Election

He said: "She wants to have a considerable majority to carry out the reform agenda that she has set out for the country".

May took over as prime minister after David Cameron resigned following the Brexit vote on June 23, when Britain made a decision to leave the European Union.

In Scotland, the Scottish National Party continue to dominate the polls, but the Conservatives may be set to nearly double their vote to become the second biggest party in terms of Westminster votes, ahead of Labour - though this is unlikely to make much of a difference in terms of seats in the current electoral system.

THIS Morning viewers have shared their shock after Prime Minister Theresa May disrupted the show's entire schedule today by announcing a General Election.

Analysts at ETX Capital say in a note to clients that the election call "adds another layer of complexity to an already uncertain picture for United Kingdom and European assets".

"Our opponents believe that because the Government's majority is so small, our resolve will weaken and that they can force us to change course".

But May said Tuesday she had "reluctantly" changed her mind.

And as we look to the future, the Government has the right plan for negotiating our new relationship with Europe.

The negotiations themselves are not expected to start until May or June at the earliest.

Tusk will chair a summit of the other 27 European Union national leaders in Brussels on April 29, where he expects them to agree negotiating guidelines he has proposed.

Under current legislation, the next election was not scheduled to take place until 2020.

Mr Corbyn said the Prime Minister's surprise decision to call an election on June 8, nearly three years earlier than the next scheduled ballot, would give the people the chance to vote for a government that will put the "majority first".

The leader of the SNP, Nicola Sturgeon, said that the government would use the election to take the country to the right and try to push through a hard Brexit and deeper cuts. Corbyn wins only 14 percent, according to pollster YouGov.

May came to power in July 2016 following the resignation of Cameron, who had campaigned for Britain to stay in the European Union.

Theresa May is meanwhile 1 to 10 on to be Prime Minister after the vote with Betfred, while Jeremy Corbyn is only eight to one.

She worked in finance, including at the Bank of England, before being elected as MP for the London commuter town of Maidenhead in 1997.

She has not faced a public vote on her leadership.

Deutsche Bank AG, who in 2015 accurately predicted the pound would drop to a 31-year low the following year, is exiting all its bearish sterling trades after U.K. Prime Minister Theresa May called for an early election.

  • Leroy Wright