Pound solidifies gains after British PM May wins confidence vote

Britain’s Prime Minister Theresa May leaves 10 Downing Street in central London on December 12, 2018 ahead of the weekly question and answer session, Prime Ministers Questions (PMQs), in the House of Commons. – British Prime Minister Theresa May was hit by a no-confidence motion by her own party on December 12 over the unpopular Brexit deal she struck with EU leaders last month. Facing her biggest crisis since assuming office a month after Britons voted in June 2016 to leave Europe, May vowed to fight the coup attempt inside her own Conservative Party “with everything I’ve got”. (Photo by Oli SCARFF / AFP)

NEW YORK, United States (AFP) — The British currency sustained gains won late Wednesday after Prime Minister Theresa May survived a bid by her own MPs to unseat her through a no-confidence vote.

The pound had gained nearly a full percentage point to $1.2597 around 2100 GMT, just after the vote maintaining the steady upward march after it became clear May was likely to win.

© Agence France-Presse