MPs clear way for general election on June 8

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The pound continued to trade at a six-month high against the U.S. dollar as investors took an optimistic view of Prime Minister Theresa May's plans for a general election in June.

Unofficial electioneering kicked off in the weekly Prime Minister's Questions session in the House of Commons, as May traded barbs with Labour leader Jeremy Corbyn.

"If we do not hold a general election now, their political game playing will continue", she told reporters at Downing Street.

Opinion polls give them a big lead over the Labour opposition, and May is gambling that an election will deliver her a personal mandate from voters and produce a bigger Conservative majority in Parliament.

"She expects a coronation and not a contest", Farron said, urging voters to back his strongly pro-EU party to stop a Conservative landslide.

The early ballot will give the prime minister - or her replacement - more time to implement Brexit before another election.

"Brexit isn't just about the letter that says we want to leave".

Ms May said she had already set out her plans for Britain's departure from the European Union in a document published earlier in the year.

May's Conservative Party holds a slim majority in parliament's lower House of Commons and May is banking on gaining a greater share of the seats to make Brexit a smoother transition for her government.

Parliament will vote Wednesday on holding a June 8 election. Asked whether she agreed with that description of her opponents, Ms May replied: "Absolutely not".

Her spokesman said she had the backing of her top team of ministers and had informed Queen Elizabeth of her plans on Monday. "It is important in parliament that people are able to challenge what the Government is doing, that there is proper debate and scrutiny, and that's what there will be".

He tweeted: "Theresa May needs to distance herself this morning from Daily Mail's nasty & divisive front page so election isn't dragged into the gutter".

But there is still a sizeable and vocal minority of British people, and politicians, who oppose Brexit and the government fears they will try and sabotage the process to prove their points.

May formally notified the European Union on March 29 of Britain's intention to leave, beginning a two-year negotiating period to settle divorce terms and agree a new trading relationship.

According to the Times she will offer a "regulatory compromise" in how the number of overseas students in the United Kingdom is calculated so she can get the Higher Education and Research Bill through the Commons before the election, amid the threat of a backbench rebellion on the issue.

Mrs May told The Sun "the Europeans might have seen that as a time of weakness when they could push us" but "now we will be much freer".

Under electoral law, May must win a two thirds majority in a parliamentary vote due to be held later on Wednesday before she can officially call an early election.

"Having talked with her time and time again over the issue I know how seriously she has taken this decision".

"She wants to be in as strong a position possible before she goes overseas and negotiates on behalf of Britain".

Labour supported the start of the formal Brexit process last month, but has demanded certain conditions, such as retaining strong economic ties with the bloc.

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