Breaking: UK PM Johnson will reportedly announce his resignation
|Several news outlets reported on Thursday that British Prime Minister Borish Johnson is expected to announce his resignation.
According to the BBC Johnson is set to make a statement within hours. The PM will reportedly stay on as the leader of the Conservative Party until a new leader is chosen this summer.
Market reaction
With the initial reaction, the GBP/USD pair edged slightly higher and was last seen trading at 1.1972, where it was up 0.35% on a daily basis. Meanwhile, the UK's FTSE 100 Index is up more than 1% on this headline.
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