UPDATE June 11, 2:57 p.m.: British Prime Minister Theresa May appointed ministers to her shaky government Sunday as part of a cabinet reshuffle following last wee's election.
-Damian Green has been made First Secretary of State
-Michael Gove has been made environment secretary
-Andrea Leadsom has been appointed as the leader of the House in the Commons
-Commons leader David Liddington takes over as justice secretary and Lord Chancellor
-Chief Treasury Secretary David Gauke has been appointed work and pensions secretary
WATCH| What's next for Theresa May?
UPDATE 7:57 a.m.: Theresa May announced she will begin her efforts to form a new government after losing the overall majority in the general election.
She went to Buckingham Palace early Friday to seek permission from the queen who gave her the OK.
May said she would form a government to "provide certainty and lead Britain forward."
The only vote that Theresa May acknowledged was the Brexit referendum. No mention of the general election she just nearly lost.— Robert Hutton (@RobDotHutton) June 9, 2017
May also vowed to "guide the country through the crucial Brexit talks."
UPDATE June 9, 6:50 a.m.: After losing the overall majority in UK's general election, Conservative leader Theresa May on Friday will set out to ask the Queen to form a new government, according to a spokesperson.
May's party had won 318 seats while the opposition Labour Party, led by Jeremy Corbyn, had 261 seats, making it a hung parliament. A party needs 326 seats to secure majority. May will most likely attempt to form a minority government. Early Friday, she argued that Britain needed "a period of stability."
UK Labour party leader pictured arriving for the declaration at his constituency in London, Friday, June 9. Corbyn appealed to young, big city voters. Some of his platforms included more social justice and free college tuition.
Seeing Theresa May accidentally throw away 4 guaranteed years in high office, makes me feel better about the time I lost an Amazon giftcard— Andrew Old (@oldandrewuk) June 9, 2017
People had a lot of.... er-- thoughts about May's lost.
David Cameron gambled and lost. Theresa May gambled and lost. Guys: when the fun stops, stop— Marina Hyde (@MarinaHyde) June 9, 2017
Others pulled a takeaway or two from the heated election.
ORIGINAL STORY: If exit polls are correct, Prime Minister Theresa May's gamble to shore up the Conservative Party's majority in Parliament has not paid off.
Brits took to the polls once again on Thursday for a general election to decide what party would have control. Ahead of the early vote, May's Conservative Party appeared to be in the lead, but as the tally comes in, it looks like it might have actually lost seats.
This would lead to a hung parliament or a situation where there's no majority party.
A party needs to snag 326 seats in the 650-seat House of Commons to form a majority government.
May called the snap election knowing she'd soon have to begin Brexit negotiations.
Just as when Brits decided to Brexit last summer, the Pound took it hard.
While the results are still an IF, the forecast would be good for the opposing Labour Party, as well as the Scottish National Party. This would be the first time since 2010 that Britain landed in a hung parliament situation.
So what happens if there's a hung parliament?
All parties have to begin discussions to form a governing coalition. As CNBC explains it, these situations worry markets because "in theory, all other parties in the House of Commons can team up to defeat the government's proposed laws.."
This pretty much sums up reaction on Twitter about the early exit poll projections.