Breaking: UK PM Johnson will reportedly announce his resignation

FXStreet Team FXStreet

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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FXStreet Team

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