Theresa May to Remain PM Despite Calls to Go

For the Conservatives, election results have been shocking since they lost 12 seats of sitting MPs forcing them to go for a coalition government.

Her government has already triggered Article 50 of the EU Lisbon treaty which could see Britain formally leave the EU by March 30, 2019.

But that's not the picture she painted at the end of May.

Her gamble calling an early election backfired as her Conservative Party lost its majority in Parliament, throwing British politics into chaos.

"And make no mistake, it could happen".

"The Conservatives have lost their majority and the prime minister has lost all authority and credibility".

General elections held in the United Kingdom (UK) on Thursday has resulted in a hung parliament, meaning that no single party managed to secure the overall majority in the House of Commons.

British Prime Minister Theresa May, who promised to be a "bloody hard woman" during her country's upcoming divorce negotiations with the European Union, has been ruthlessly reminded that British voters can be bloody hard as well.

The pound rebounded back to $1.27 after Prime Minister Theresa May announced Friday she would form a coalition government with the support of Democratic Unionists to provide more "certainty". Corbyn's Labour Party now has 261 seats.

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'The mandate she's got is lost Conservative seats, lost votes, lost support and lost confidence, ' he said.

"The last thing business leaders need is a parliament in paralysis, and the consequences for British businesses and for the an investment destination would be severe", said Stephen Martin, director general of the Institute of Directors business lobby. "I don't think the Conservative government is stable, I don't think the Prime Minister is stable".

In a night of high drama, May's party shed seats to Jeremy Corbyn's Labour, which surpassed expectations, leaving the Conservatives short of a working majority by just eight seats.

Jeremy Corbyn, leader of Britain's opposition Labor Party, votes in Islington, a borough in London, on June 8.

Predictions of Conservative success became more modest as the party's campaign faltered following a series of missteps.

The German chancellor said the European Union wants talks to progress "quickly" and warned it will defend the interests of its members during the looming divorce proceedings.

However, shadow defence secretary Nia Griffith has called on Theresa May to step aside to allow Labour a chance to form a minority government.

"We want to negotiate quickly, we want to stick to the time plan, and so at this point I don't think there is anything to suggest these negotiations can not start as was agreed".

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