Cramer: Theresa May 'may or may not be prime minister'

"The most important thing is Brexit - because the clock is already ticking", he said.

She acknowledged her sadness at the loss of her majority in the general election in a statement to broadcasters on Friday.

The British currency lost as much as three cents against the US dollar by Friday as the results confirmed exit poll predictions that Prime Minister Theresa May had failed in her gambit to gain a stronger majority for those Brexit talks.

They have forged a deal to secure the support of the DUP's ten MPs, however, to remain in government.

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. Not only has the vote weakened her negotiating position with the E.U., Tony Travers, an elections expert at LSE tells TIME, she will find herself with have a weak hand in Parliament.

The Labour Party landed at 261 seats, up 29 seats since the last elections, a major gain for Jeremy Corbyn, who no one expected to deliver such a stellar performance.

May said that "of course I'll reflect on what happened". In the 2015 election, for instance, the Scottish National Party got only 4.7% of the national vote but 56 of the 650 seats-because its voters were all in thinly populated Scotland.

But opposition politicians and some members of her own party have called on her to quit. A spokesman for her office said she would go to Buckingham Palace to ask Queen Elizabeth for permission to form a government - a formality under the British system.

The high volume of tweets suggests that many people have still not come to terms with the 2016 Democratic primaries, with Sanders having lost both on the popular vote and in delegates to Hillary Clinton. Together, the Conservatives and the DUP would have 328 seats in parliament, just above the 326 needed.

"While Theresa May is well within the political mainstream and proven to be a solid and reliable unionist, Jeremy Corbyn is beyond the pale", the leader also said.

"We need a government that can act", Oettinger told radio station Deutschlandfunk.

"There was little sympathy for May from some Europeans".

It will also complicate Brexit negotiations with the European Union, which Britain has slightly less than two years to complete and were already going to be very tortuous.

Norwegian Foreign Minister Boerge Brende said the outcome could mean a less radical split between Britain and the EU.

Arlene Foster, DUP leader has confirmed that the DUP will talk to the Conservative Party, to "bring stability".

"The mandate she's got is lost Conservative seats, lost votes, lost support and lost confidence", he said. "I would have thought that's enough to go".

The Daily Mail led with, "Tories turn on Theresa", and described the prime minister's election campaign as "disastrous" and said the Conservatives had been "plunged into civil war".