FX Market Backs May in Leadership Challenge, Economist Nielsen Says

The transcript discusses the market's perspective on Theresa May's confidence vote, suggesting that if she wins, it could strengthen her position. The market views this as a choice between continuing the current situation or facing a deeper crisis. If May wins, she would be protected for 12 months, potentially allowing her to push her deal through. The FX market interprets this as a positive sign, indicating a mandate for May to proceed with her plans.

What is the significance of the confidence vote in the context of the current political situation?

What does the speaker imply about the determination of Theresa May compared to Margaret Thatcher?