Jump to content

British Pound Latest – UK PM Boris Johnson is Set to Resign, GBP Unfazed


Recommended Posts

Jul 7, 2022 | DailyFX
Nick Cawley, Strategist

GBP/USD - PRICES, CHARTS, AND ANALYSIS

  • Boris Johnson expected to hand in his notice after a swathe of Tory MPs resign
  • PM Johnson has led the UK government since July 2019.

Prospect of Boris Johnson's Resignation Could Boost Pound (GBP),  Strategists Say - Bloomberg

Boris Johnson is expected to hand in his resignation today, according to a raft of well placed media sources, sparking a new leadership contest. Johnson has been under extreme pressure to quit after a series of gaffes left his position untenable.

The latest talk is that Boris Johnson will resign later today but will stay on as caretaker Prime Minister until a new leader is chosen in the Summer.

Sterling is little changed against a range of currencies with expectations that the PM would have to resign in the coming days already priced in. GBP/USD is near a fresh multi-month low, due mainly to the strength of the US dollar. The US dollar basket (DXY) printed a fresh 20-year high on Wednesday.

 

What is your view on the British Pound – bullish or bearish?

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Thanks for the input,  The issue is being resolved.  IG took a position Twice.  Remedy is imminent.
    • Prepare to witness a paradigm shift in Bitcoin Layer 2 solutions with Merlin Chain, an innovative platform that integrates the ZK-rollup network, decentralized oracle, and on-chain BTC anti-fraud module. With seamless compatibility with the Ethereum Virtual Machine (EVM), Merlin Chain sets new standards for security, transparency, and interoperability in the blockchain ecosystem.  Creating a Safe and Transparent Environment: At the core of Merlin Chain's mission lies its commitment to creating a safe and transparent environment for all investors. By integrating anti-fraud security solutions directly into the blockchain, Merlin Chain mitigates the risk of fraudulent activities and ensures the integrity of transactions. With Merlin Chain, users can trust that their assets are protected and transactions are executed with the highest level of security and transparency. Excitement mounts as Merlin Chain (MERL) prepares for listing on Bitget Exchange on April 19th, 2024, at 10:00 (UTC). This milestone event not only amplifies Merlin Chain's visibility but also provides users with a trusted platform to trade and engage with the MERL token. As Merlin Chain continues to push the boundaries of Bitcoin Layer 2 solutions, its listing on Bitget Exchange marks a significant step forward in its journey towards broader recognition and adoption.
    • Rarible is a revolutionary platform for artists and creators in the digital world. It functions as both: Software: Artists can use it to create and sell unique crypto assets representing ownership of their digital work, like illustrations or animations. These are known as Non-Fungible Tokens (NFTs). Marketplace: Buyers can discover and purchase these NFTs directly from creators, eliminating the need for intermediaries.   Built for the Community: It is a community-owned marketplace, powered by its native token, RARI. Owning RARI tokens gives holders a voice in shaping the platform’s future.   Exciting News! Rarible recently listed its token (RARI) on the Bitget exchange, along with a “candybomb” event to reward holders. This is a great opportunity for artists and crypto enthusiasts alike to explore the world of NFTs on Rarible.
×
×
  • Create New...
us