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What will U.K. election result mean for Brexit?

The early results for the U.K. election are in, and from a market perspective it could hardly be any worse.

The ruling Conservative Party stands to lose its parliamentary majority, potentially triggering another political earthquake in the U.K. and fueling lots of uncertainty about the country’s future Brexit negotiations. Chatter about a new EU referendum and another general election is already making the rounds early Friday morning.

According to a forecast from BBC, the Conservatives stand to win 322 seats, short of the 326 needed to secure a majority. The ruling party currently has 330 seats in parliament.

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