UK: Boris Johnson set to avoid an immediate no confidence vote

Eren Sengezer FXStreet

Citing Huffington Post UK, Reuters reported that British Prime Minister candidate Boris Johnson was set to avoid an immediate no-confidence vote in his new government claiming that Jeremy Corbyn was waiting for a better chance to "topple him after the summer."

The market reaction to this article seems to be helping the British pound staged a modest rebound against its major rivals. As of writing, the GBP/USD pair was still down 0.2% on a daily basis at 1.2450.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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