With the bulk of seats declared in the General Election, no party has gained a clear majority and the U.K. now faces a hung parliament.
There are 650 seats in total and 326 are required for a party to secure a parliamentary majority, meaning the country now faces further political negotiations.
A hung parliament — a situation in which multiple parties hammer out a coalition government — arises when neither party secures the 326 seats needed for a majority.
Investors aren’t thrilled about that situation as passing legislation can be difficult with two parties that each hold strong political priorities. The political deadlock is also expected to hurt upcoming Brexit negotiations as well as May’s political future, according to strategists.