Analysts at Rabobank note pressure is reportedly increasing on UK PM May to set a resignation date.

• Today she is due to meet with the chairman of the influential backbench 1922 committee Sir Graham Brady amid speculation that she will be pressed to announce a date. This comes in the wake of the drubbing that the Tories received in local council elections last week as the electorate expressed their anger at the mishandling of the Brexit process. The Labour Party also performed worse than expected in this election.