As cited by talkRADIO Political Editor, Ross Kempsell, May is set to meet with the 1922 Committee at 1030 GMT.
The meeting is with regard to setting out the timetable for her departure, as PM May is expected to give a firm date on when she would resign from her position during the session.
Meanwhile, the Cable attempts a tepid recovery from three-month lows of 1.2821 to now trade near 1.2840 levels amid a recovery in the risk sentiment, as markets await fresh clarity on the UK political scenario.