05-07-2016 22:28 via uk.news.yahoo.com

May leads three-horse PM race as Brexit hits pound and property

By William James and Mark Trevelyan LONDON (Reuters) - Home Secretary Theresa May opened up a strong lead on Tuesday in what is now a three-horse race to become Britain's next prime minister, but the first stage of voting was overshadowed by post-Brexit carnage for property investors and the pound. In symptoms of market concern about the economic impact of leaving the European Union, sterling hit new 31-year lows and three funds investing in British property said they were suspending trading bec
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