The British Conservative party lost the majority of seats that it enjoyed before the snap parliamentary election held on Thursday, June 8. With 314 seats of 650, Conservatives are followed by their major opponents, the Labourists, with 266 seats, BBC wrote.
‘With just a handful of seats left to declare, Thursday polls shows gains for the opposition Labour Party. This is seen as a humiliation for PM Minister Theresa May, who chose to call the election to try to strengthen her hand in talks with the EU on Brexit. Labour leader Jeremy Corbyn urged her to resign, but she said her party would 'ensure' stability in the UK. 'At this time more than anything else, this country needs a period of stability,' Mrs May said’, the British outlet reports.
BBC added that the pound 'shaply fell in value after the BBC/ITV/Sky Exit poll was published when the voting ended at 22:00 BST (21:00 GMT)’.
Over 40,000 polling stations worked on the Election Day; now that the vote count is over, the final results are to be announced by Friday noon.
Previously, in April, Theresa May said she intended to hold the parliamentary election, since the UK needed ‘certainty, stability and strong leadership’ after Brexit. The House of Commons supported her initiative, which made it legally possible to hold the election.