British Prime Minister Vows to Carry on Despite Election Losses

The pound fell sharply after Britain's election saw the Conservatives lose their majority in Parliament, raising questions about the next government's ability to lead the talks to leave the European Union.

"What I think is important in the Brexit negotiations, which will start in 10 days time, is that we have the certainty of a Government that can take forward a plan into those negotiations".

May said Friday she will attempt to form a minority government with Northern Ireland's Democratic Unionist Party, or DUP.

Britain's opposition Labour party Leader Jeremy Corbyn waves as he leaves the Labour Party headquarters in central London on June 9, 2017.

Jean-Claude Juncker, President of the European Commission, said he hoped there would be no further delays, and that the result of the United Kingdom general election would not have a "major impact on the negotiations we are desperately waiting for".

"What I'm hearing mostly from colleagues is there's no appetite for plunging the country and government into a period of turmoil", Brady told BBC Television.

British Prime Minister Theresa May's Conservative Party lost seats in the June 8 snap elections.

The Labour Party has received a whopping 40% vote share.

It's unclear what Theresa May's next move will be, but pundits are suggesting she will likely strike a deal with the Democratic Unionist Party, who now hold 10 seats.

The PM is expected to address the public this morning after insisting Britain needs stability whatever the result and said the Conservatives are the party to bring the country together. It will take time - and probably another election - for matters to be resolved.

May and her team of ministers retain full legal powers and will continue heading the government, until a new one is sworn in.

In the run-up to the election, the British premier spent her campaign denouncing Corbyn as a weak leader that would crash Britain's economy and flounder in Brexit talks, while praising herself on a "strong and stable leadership" to strike a good deal for Britain. "All this allowed her political rivals to put her in an uncomfortable position", De Marcilly said. "We know when they must end.", Mr Tusk tweeted.

For its party, the European Union urged May on Friday to start Brexit talks as quickly as possible, but warned of complications ahead. The U.K.'s independent Office for Budget Responsibility has already cut its forecast for growth this year to 1.4% from an original 2.2%.

Corbyn celebrated the Labour party's sucess by declaring, "Politics has changed". They had some strong words to say against Theresa May, earlier in the day.

The projected election results also show Liberal Democrats winning 13 seats, a gain of five, and the Scottish National Party winning 35, a loss of 21.

  • Rogelio Becker