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FTSE 100 rises with reports of Sterling and Boris Johnson resigning Thursday

Sterling The session hit a high on Thursday following several unconfirmed reports that Prime Minister Boris Johnson is due to resign.

The pound rose 0.35% against the US dollar and traded at $ 1.1971 around 9:25 am London time.

on the other hand, FTSE 100 Following a report that CNBC or NBC News did not independently validate, the stock index rose 0.7%.

In the bond market, the 10-year UK government Bond yield It rose until it reached 2.153%.

It will come later More than 50 lawmakers resign Within 48 hours from Johnson’s government.

The prime minister has been two government chiefs, the Minister of Health and Finance, since Tuesday. Resignation.. This led to a cascade of withdrawal from government.

It follows the premiereship, which suffers from scandals and misleading claims, but the final straw for many lawmakers is conservative lawmaker Chris Pincher. The former deputy leader was suspended last week on charges of drunk and groping for two men at a private membership club.

Johnson apologized on Tuesday for appointing Deputy Leader Pincher (the role of the senior party), despite knowing an investigation into his behavior in 2019.

A revelation that Johnson was aware of allegations of illegal activity prompted the resignation of Prime Minister Rishi Sunak and Health Minister Sajid Javid on Tuesday.

In a resignation speech to Congress on Wednesday, former Prime Minister Sajid Javid said, “The tightrope between loyalty and integrity has been impossible in recent months.”

Johnson barely survived a vote of no confidence from a Conservative member last month, but many who previously supported his leadership have now abandoned their support.

This is the latest news and will be updated soon.

FTSE 100 rises with reports of Sterling and Boris Johnson resigning Thursday

Source link FTSE 100 rises with reports of Sterling and Boris Johnson resigning Thursday

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