Prime Minister Theresa May wins by 200 votes to 117

Sir Graham Brady, chairman of the 1922 Committee has announced that Prime Minister Theresa May has retained the Conservative Party leadership, winning a confidence vote buy 200 votes to 117 clearing the threshold of 159 votes required to stave off a leadership contest.

The pound eases as May wins confidence vote, as it dipped to $1.2603, having hit a high of $1.2672 earlier.

The Pound subsequently recovered ground and is till 1,14 per cent up on the day against the dollar at $1.2635 and about 0.7 per cent ahead against the Euro at €1.1109.