Ireland Taoiseach Leo Varadkar resigns after inconclusive election result – Sky News

Anil Panchal FXStreet

As per the latest updates from the Sky News, the Irish Prime Minister Leo Varadkar has tendered his resignation to the Irish president following the inconclusive result of the recent general election. However, he will remain as the acting PM while attempts to form a new coalition government continue.

FX implications

Although this could be seen as the risk-negative headline, no major reaction to the news has been noticed by the press time. The reason could be the market’s wait for the UK open.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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